Walmart Inc. (NYSE:WMT) Shares Sold by Trek Financial LLC

Trek Financial LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 54.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,130 shares of the retailer's stock after selling 56,426 shares during the period. Trek Financial LLC's holdings in Walmart were worth $4,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Whelan Financial grew its position in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after acquiring an additional 98 shares in the last quarter. Scott & Selber Inc. raised its position in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its position in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after purchasing an additional 105 shares during the period. Finally, Van Strum & Towne Inc. increased its position in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after acquiring an additional 108 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

WMT traded down $1.14 on Tuesday, hitting $98.22. 1,048,697 shares of the stock were exchanged, compared to its average volume of 17,982,117. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market capitalization of $783.80 billion, a price-to-earnings ratio of 41.95, a PEG ratio of 4.73 and a beta of 0.68. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The business has a 50-day moving average of $97.22 and a two-hundred day moving average of $94.41.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 28,000 shares of Walmart stock in a transaction 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 sale, the executive vice president directly owned 1,064,455 shares in the company, valued at $103,252,135. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president directly owned 630,518 shares of the company's stock, valued at approximately $62,421,282. This trade represents a 0.35% 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 valued at $13,710,319 in the last 90 days. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WMT shares. Truist Financial lifted 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. Raymond James Financial reduced their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a report on Monday, June 9th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Finally, UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

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.

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