WT Wealth Management decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,966 shares of the retailer's stock after selling 4,659 shares during the quarter. Walmart makes up about 1.2% of WT Wealth Management's holdings, making the stock its 25th biggest position. WT Wealth Management's holdings in Walmart were worth $3,684,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the period. Bear Mountain Capital Inc. boosted its position in shares of Walmart by 98.2% during the 1st quarter. Bear Mountain Capital Inc. now owns 337 shares of the retailer's stock valued at $32,000 after acquiring an additional 167 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in Walmart during the first quarter valued at approximately $35,000. Lipe & Dalton raised its stake in Walmart by 95.2% in the first quarter. Lipe & Dalton now owns 410 shares of the retailer's stock valued at $36,000 after buying an additional 200 shares during the last quarter. Finally, Mizuho Bank Ltd. acquired a new position in shares of Walmart during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.
Insider Buying and Selling at Walmart
In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, July 17th. The shares were sold at an average price of $95.14, for a total value of $1,248,712.50. Following the transaction, the executive vice president owned 932,313 shares in the company, valued at $88,700,258.82. The trade was a 1.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,820 shares of company stock worth $14,965,435 over the last quarter. 45.58% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on WMT. Truist Financial increased 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. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Walmart from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Robert W. Baird upped their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $106.67.
View Our Latest Report on Walmart
Walmart Price Performance
WMT traded down $0.26 on Wednesday, hitting $95.59. 9,710,068 shares of the stock were exchanged, compared to its average volume of 18,089,994. The business has a 50-day moving average of $96.81 and a two-hundred day moving average of $94.68. The firm has a market capitalization of $762.88 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 4.60 and a beta of 0.68. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. 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 (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business 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 posted $0.60 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The firm also recently declared 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 of this dividend was Friday, May 9th. Walmart's payout ratio is currently 40.17%.
Walmart Company Profile
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Free Report)
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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