Virginia Wealth Management Group Inc. Reduces Holdings in Walmart Inc. (NYSE:WMT)

Virginia Wealth Management Group Inc. reduced its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,600 shares of the retailer's stock after selling 5,549 shares during the period. Walmart makes up about 2.4% of Virginia Wealth Management Group Inc.'s portfolio, making the stock its 22nd biggest holding. Virginia Wealth Management Group Inc.'s holdings in Walmart were worth $3,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. World Investment Advisors boosted its stake in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after buying an additional 19,233 shares during the period. Candriam S.C.A. increased its holdings in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after buying an additional 599,257 shares during the period. Modera Wealth Management LLC increased its holdings in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after purchasing an additional 9,292 shares during the period. Cushing Capital Partners LLC purchased a new position in Walmart during the 4th quarter valued at about $1,124,000. Finally, GWN Securities Inc. purchased a new position in Walmart during the 4th quarter valued at about $4,658,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 0.7%

Shares of NYSE:WMT traded down $0.63 during mid-day trading on Friday, reaching $94.20. The stock had a trading volume of 18,672,575 shares, compared to its average volume of 17,944,516. The firm has a market cap of $751.76 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm has a 50 day simple moving average of $95.79 and a two-hundred day simple moving average of $94.08. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $66.41 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same period last year, the business earned $0.60 EPS. The business's quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho upped their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Stifel Nicolaus decreased their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. Raymond James cut their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Two equities research 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $106.50.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by company 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.