Walmart Inc. (NYSE:WMT) Holdings Trimmed by Pettyjohn Wood & White Inc.

Key Points

• Pettyjohn Wood & White Inc. reduced its Walmart holdings by 4.9%, owning 154,771 shares valued at $13,587,000, making Walmart its 8th largest position.
• In the first quarter, other investors like Monument Capital Management and Milestone Asset Management LLC significantly increased their stakes in Walmart by 94.2% and 156.7%, respectively.
• Walmart reported a quarterly earnings per share of $0.61, beating estimates and showing a year-over-year revenue increase of 2.5%, with a current price target consensus of $106.67 from analysts.

Pettyjohn Wood & White Inc. reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,771 shares of the retailer's stock after selling 7,922 shares during the period. Walmart makes up approximately 2.6% of Pettyjohn Wood & White Inc.'s portfolio, making the stock its 8th biggest position. Pettyjohn Wood & White Inc.'s holdings in Walmart were worth $13,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Walmart by 9,896.9% during the first quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer's stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the period. Northern Trust Corp increased its stake in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. APG Asset Management N.V. increased its stake in Walmart by 1,707.6% during the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after purchasing an additional 3,512,368 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in Walmart by 48.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,765,159 shares of the retailer's stock worth $882,282,000 after purchasing an additional 3,182,477 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Walmart by 11.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,917,346 shares of the retailer's stock worth $2,341,632,000 after purchasing an additional 2,643,413 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president directly owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares in the company, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,912 shares of company stock valued at $13,863,813. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 0.4%

WMT traded up $0.42 on Friday, reaching $98.40. The company's stock had a trading volume of 16,740,547 shares, compared to its average volume of 12,707,151. The stock has a 50 day moving average of $96.86 and a two-hundred day moving average of $95.03. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $785.27 billion, a price-to-earnings ratio of 42.05, a P/E/G ratio of 4.72 and a beta of 0.66. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 95.0%. Walmart's dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

A number of analysts have issued reports on WMT shares. Truist Financial boosted their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Evercore ISI upped their target price on shares of Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Mizuho upped their target price on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Finally, DA Davidson restated a "buy" rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.