Walmart Inc. (NYSE:WMT) Stake Cut by Stablepoint Partners LLC

Stablepoint Partners LLC reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 16.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,536 shares of the retailer's stock after selling 13,115 shares during the period. Stablepoint Partners LLC's holdings in Walmart were worth $5,753,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Whelan Financial raised its stake in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after buying an additional 98 shares during the period. Coyle Financial Counsel LLC raised its stake in Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after buying an additional 102 shares during the period. SC&H Financial Advisors Inc. raised its stake in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after buying an additional 103 shares during the period. Finally, Blackston Financial Advisory Group LLC raised its stake in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after buying an additional 106 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer now owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of 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. Over the last quarter, insiders sold 137,534 shares of company stock valued at $12,833,664. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Guggenheim reissued a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Wall Street Zen raised Walmart from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $105.16.

Walmart Price Performance

Walmart stock opened at $97.82 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $65.64 and a one year high of $105.30. The firm has a market capitalization of $782.64 billion, a P/E ratio of 40.59, a PEG ratio of 4.42 and a beta of 0.69. The business has a fifty day moving average price of $94.53 and a 200-day moving average price of $93.76.

Walmart (NYSE:WMT - Get Free Report) last posted 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 analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm 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. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is 40.17%.

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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