Generali Investments Management Co LLC Sells 5,647 Shares of Walmart Inc. (NYSE:WMT)

Generali Investments Management Co LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 19.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,995 shares of the retailer's stock after selling 5,647 shares during the quarter. Generali Investments Management Co LLC's holdings in Walmart were worth $2,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Signal Advisors Wealth LLC lifted its position in Walmart by 7.7% in the first quarter. Signal Advisors Wealth LLC now owns 73,922 shares of the retailer's stock valued at $6,489,000 after purchasing an additional 5,315 shares during the last quarter. Enclave Advisors LLC lifted its position in Walmart by 10.2% in the first quarter. Enclave Advisors LLC now owns 141,821 shares of the retailer's stock valued at $12,457,000 after purchasing an additional 13,120 shares during the last quarter. Ullmann Wealth Partners Group LLC lifted its position in Walmart by 2.9% in the first quarter. Ullmann Wealth Partners Group LLC now owns 15,265 shares of the retailer's stock valued at $1,340,000 after purchasing an additional 424 shares during the last quarter. Edge Wealth Management LLC lifted its position in Walmart by 0.8% in the first quarter. Edge Wealth Management LLC now owns 219,597 shares of the retailer's stock valued at $19,278,000 after purchasing an additional 1,826 shares during the last quarter. Finally, Foster Group Inc. raised its holdings in shares of Walmart by 2.4% during the first quarter. Foster Group Inc. now owns 20,589 shares of the retailer's stock valued at $1,808,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Raymond James reduced their price target on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given 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 $105.16.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.50 during trading on Friday, hitting $97.46. The company had a trading volume of 15,583,112 shares, compared to its average volume of 17,900,703. The stock has a 50 day simple moving average of $94.71 and a 200 day simple moving average of $93.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 12 month low of $65.64 and a 12 month high of $105.30. The firm has a market capitalization of $779.77 billion, a P/E ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results 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 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current 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 given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's dividend payout ratio is currently 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.