Walmart Inc. (NYSE:WMT) is Heritage Wealth Management Inc.'s 7th Largest Position

Heritage Wealth Management Inc. lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 3.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,649 shares of the retailer's stock after selling 2,800 shares during the quarter. Walmart comprises approximately 2.3% of Heritage Wealth Management Inc.'s holdings, making the stock its 7th biggest holding. Heritage Wealth Management Inc.'s holdings in Walmart were worth $6,729,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in shares of Walmart in the first quarter worth $35,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC acquired a new position in shares of Walmart during the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC purchased a new stake in Walmart during the 4th quarter worth $53,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer owned 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last ninety days. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Telsey Advisory Group restated an "outperform" rating and issued a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.

Walmart Stock Performance

WMT traded up $0.91 during trading hours on Monday, hitting $99.27. 12,918,621 shares of the stock were exchanged, compared to its average volume of 18,048,333. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock has a 50-day simple moving average of $97.14 and a 200-day simple moving average of $94.36. The stock has a market cap of $792.22 billion, a price-to-earnings ratio of 42.42, 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, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for 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 for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders 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 (DPR) is presently 40.17%.

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.