WT Wealth Management Sells 4,659 Shares of Walmart Inc. (NYSE:WMT)

WT Wealth Management decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,966 shares of the retailer's stock after selling 4,659 shares during the period. Walmart makes up 1.2% of WT Wealth Management's portfolio, making the stock its 25th largest holding. WT Wealth Management's holdings in Walmart were worth $3,684,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC increased its position in Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank bought a new stake in shares of Walmart during the fourth quarter worth approximately $5,737,355,000. Northern Trust Corp grew its holdings in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Walmart by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock valued at $3,796,129,000 after purchasing an additional 514,036 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 0.6%

Shares of NYSE:WMT traded up $0.58 during trading on Monday, reaching $95.63. The stock had a trading volume of 13,444,683 shares, compared to its average volume of 18,137,977. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The firm's fifty day moving average is $96.81 and its 200 day moving average is $94.68. The stock has a market cap of $763.14 billion, a price-to-earnings ratio of 37.72, a P/E/G ratio of 4.57 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78.

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, 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 firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the business posted $0.60 EPS. The business's revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,744 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $95.60, for a total value of $166,726.40. Following the transaction, the executive vice president directly owned 649,233 shares in the company, valued at $62,066,674.80. This trade represents a 0.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $95.14, for a total transaction of $1,248,712.50. Following the sale, the executive vice president owned 932,313 shares of the company's stock, valued at $88,700,258.82. This trade represents a 1.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 151,820 shares of company stock valued at $14,584,875. Company insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. KeyCorp raised their target price on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. UBS Group decreased their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Royal Bank Of Canada restated an "outperform" rating and issued a $103.00 price target (up from $102.00) on shares of Walmart in a report on Monday, June 9th. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $106.67.

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.