Walmart Inc. (NYSE:WMT) Shares Sold by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 33.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,160 shares of the retailer's stock after selling 4,695 shares during the period. Raleigh Capital Management Inc.'s holdings in Walmart were worth $804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. World Investment Advisors lifted its stake in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Cushing Capital Partners LLC bought a new stake in shares of Walmart in the 4th quarter valued at approximately $1,124,000. GWN Securities Inc. bought a new stake in shares of Walmart during the 4th quarter worth approximately $4,658,000. Full Sail Capital LLC lifted its stake in shares of Walmart by 6.6% during the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after acquiring an additional 541 shares during the last quarter. Finally, Leslie Global Wealth LLC lifted its stake in shares of Walmart by 22.0% during the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after acquiring an additional 568 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 2.3%

WMT stock traded down $2.31 on Tuesday, hitting $97.04. 3,328,199 shares of the company's stock were exchanged, compared to its average volume of 17,994,567. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The firm has a 50 day moving average price of $97.22 and a two-hundred day moving average price of $94.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market cap of $774.44 billion, a P/E ratio of 41.47, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced 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 yield of 0.95%. Walmart's dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. KeyCorp raised their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Stifel Nicolaus decreased their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Finally, Tigress Financial raised their price target on Walmart from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Two equities research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the sale, the executive vice president owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.24, for a total value of $380,960.00. Following the sale, the executive vice president owned 1,060,455 shares in the company, valued at approximately $100,997,734.20. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock worth $13,710,319 in the last quarter. 45.58% of the stock is owned by insiders.

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.