Walmart Inc. (NYSE:WMT) Stock Holdings Trimmed by PBMares Wealth Management LLC

PBMares Wealth Management LLC lessened its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 19.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,654 shares of the retailer's stock after selling 6,083 shares during the period. PBMares Wealth Management LLC's holdings in Walmart were worth $2,164,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WMT. World Investment Advisors boosted its holdings in shares of Walmart by 7.6% in the 4th 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. boosted its stake in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after acquiring an additional 599,257 shares during the period. Modera Wealth Management LLC grew its holdings in shares of Walmart by 4.8% during the fourth 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 last quarter. Cushing Capital Partners LLC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $1,124,000. Finally, GWN Securities Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $4,658,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,419 shares of company stock worth $14,295,650. Corporate insiders own 45.58% of the company's stock.

Walmart Trading Up 0.2%

Shares of WMT stock opened at $98.04 on Wednesday. The stock has a 50-day simple moving average of $96.53 and a 200 day simple moving average of $94.18. The stock has a market capitalization of $782.37 billion, a P/E ratio of 41.90, a P/E/G ratio of 4.78 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $66.55 and a fifty-two week high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.

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, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the company earned $0.60 EPS. Walmart's revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WMT. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. UBS Group lowered their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Mizuho increased their price objective on shares of Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a report on Monday, June 9th. Finally, Evercore ISI boosted their target price on shares of Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $106.50.

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.

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