CFO4Life Group LLC Sells 5,959 Shares of Walmart Inc. (NYSE:WMT)

CFO4Life Group LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,804 shares of the retailer's stock after selling 5,959 shares during the period. Walmart accounts for about 2.5% of CFO4Life Group LLC's portfolio, making the stock its 9th biggest position. CFO4Life Group LLC's holdings in Walmart were worth $15,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in WMT. Eagle Capital Management LLC increased its holdings in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC increased its holdings in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC increased its holdings in Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer's stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE increased its holdings in Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer's stock worth $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Proficio Capital Partners LLC increased its holdings in Walmart by 6.8% during the 4th quarter. Proficio Capital Partners LLC now owns 90,423 shares of the retailer's stock worth $8,170,000 after purchasing an additional 5,765 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Stifel Nicolaus dropped their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Finally, Mizuho raised their price objective on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $106.67.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $97.19, for a total transaction of $1,887,041.04. Following the transaction, the chief executive officer directly owned 4,431,783 shares in the company, valued at $430,724,989.77. The trade was a 0.44% 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 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 value 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 a total of 142,711 shares of company stock worth $13,710,319 in the last quarter. 45.58% of the stock is owned by insiders.

Walmart Price Performance

Shares of Walmart stock traded down $0.40 on Friday, hitting $94.47. The company's stock had a trading volume of 7,903,216 shares, compared to its average volume of 18,075,855. 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 Inc. has a 1 year low of $66.67 and a 1 year high of $105.30. The firm has a fifty day moving average price of $97.19 and a 200-day moving average price of $94.48. The company has a market capitalization of $753.87 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 4.66 and a beta of 0.68.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same period in the previous year, the firm posted $0.60 EPS. Walmart's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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