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

Key Points

• Norden Group LLC reduced its holdings in Walmart by 41.2%, now owning only 19,169 shares, valued at $1.68 million, after selling 13,453 shares in the first quarter.
• Walmart reported $0.61 EPS, exceeding estimates, with revenue of $165.61 billion, marking a 2.5% year-over-year increase.
• The company announced a dividend of $0.235 per share with a yield of 0.95%, reflecting a payout ratio of 40.17%.

Norden Group LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 41.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,169 shares of the retailer's stock after selling 13,453 shares during the period. Norden Group LLC's holdings in Walmart were worth $1,683,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of WMT. Eagle Capital Management LLC raised its holdings in Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC increased its holdings in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE lifted its holdings in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock valued at $3,338,000 after purchasing an additional 1,720 shares in the last quarter. Finally, Tucker Asset Management LLC increased its stake in Walmart by 88.2% during the 4th quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer's stock worth $115,000 after purchasing an additional 596 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $95.58, for a total value of $1,855,781.28. Following the sale, the chief executive officer owned 4,412,398 shares of the company's stock, valued at $421,737,000.84. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the transaction, the executive vice president owned 1,056,455 shares of the company's stock, valued at approximately $100,511,128.70. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,912 shares of company stock valued at $13,863,813 in the last three months. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 0.4%

WMT stock traded up $0.42 during midday trading on Thursday, reaching $98.01. 6,298,366 shares of the company traded hands, compared to its average volume of 19,108,686. The firm has a market capitalization of $782.15 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 4.73 and a beta of 0.68. 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 business has a 50 day moving average of $96.78 and a 200-day moving average of $94.93. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

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

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is 40.17%.

Analyst Ratings Changes

Several brokerages have recently commented on WMT. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Truist Financial lifted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Evercore ISI upped their target price on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Robert W. Baird lifted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart 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.