Walmart Inc. (NYSE:WMT) Shares Sold by Prostatis Group LLC

Prostatis Group LLC decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 16.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,227 shares of the retailer's stock after selling 3,406 shares during the quarter. Prostatis Group LLC's holdings in Walmart were worth $1,556,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth $27,000. Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter valued at $37,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Walmart in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares of the company's stock, valued at $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 177,583 shares of company stock valued at $16,701,404 over the last quarter. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of WMT traded down $0.35 during mid-day trading on Wednesday, reaching $97.23. 11,099,384 shares of the company's stock traded hands, compared to its average volume of 17,850,145. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The business's 50-day moving average price is $93.00 and its 200-day moving average price is $93.17. The stock has a market capitalization of $777.93 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12 month low of $64.16 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. Equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on WMT shares. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Raymond James reduced their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. UBS Group dropped their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. upped their target price on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

About Walmart

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.