Walmart Inc. (NYSE:WMT) Stock Holdings Lessened by WT Wealth Management

WT Wealth Management decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,966 shares of the retailer's stock after selling 4,659 shares during the quarter. Walmart comprises approximately 1.2% of WT Wealth Management's investment portfolio, making the stock its 25th biggest holding. WT Wealth Management's holdings in Walmart were worth $3,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Whelan Financial lifted its position in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after acquiring an additional 98 shares in the last quarter. Scott & Selber Inc. lifted its position in shares of Walmart by 3.7% in the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer's stock valued at $256,000 after acquiring an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its position in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer's stock valued at $684,000 after acquiring an additional 105 shares in the last quarter. Finally, Lauterbach Financial Advisors LLC lifted its position in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer's stock valued at $517,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Evercore ISI raised their target price on Walmart from $105.00 to $107.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Finally, UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company's stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares in the company, 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 have sold 126,696 shares of company stock valued at $12,222,245 over the last 90 days. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

WMT stock traded up $0.82 during trading on Thursday, reaching $96.50. 7,309,952 shares of the company's stock were exchanged, compared to its average volume of 19,315,615. 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 Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company's fifty day moving average price is $96.77 and its 200-day moving average price is $94.73. The firm has a market cap of $770.13 billion, a PE ratio of 41.24, a P/E/G ratio of 4.61 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart's 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.