WESPAC Advisors SoCal LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

WESPAC Advisors SoCal LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 156,511 shares of the retailer's stock after selling 14,681 shares during the quarter. Walmart accounts for approximately 3.6% of WESPAC Advisors SoCal LLC's holdings, making the stock its 7th biggest holding. WESPAC Advisors SoCal LLC's holdings in Walmart were worth $13,740,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WMT. World Investment Advisors grew its holdings in shares of Walmart by 7.6% in the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Full Sail Capital LLC grew its holdings in shares of Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after purchasing an additional 541 shares during the last quarter. Leslie Global Wealth LLC grew its holdings in shares of Walmart by 22.0% in the fourth quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after purchasing an additional 568 shares during the last quarter. Scalar Gauge Management LLC grew its holdings in shares of Walmart by 76.9% in the fourth quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock worth $6,234,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Monument Capital Management lifted its stake in Walmart by 94.2% in the first quarter. Monument Capital Management now owns 55,004 shares of the retailer's stock worth $4,829,000 after acquiring an additional 26,685 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WMT shares. Mizuho raised their price target on Walmart from $105.00 to $115.00 and gave the stock an "outperform" rating in a research note on Monday, June 9th. Robert W. Baird raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. KeyCorp raised their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Monday, June 9th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart has an average rating of "Moderate Buy" and an average target price of $106.67.

Walmart Price Performance

WMT traded up $0.85 during trading hours on Friday, hitting $97.45. The company's stock had a trading volume of 12,845,633 shares, compared to its average volume of 13,524,539. The business's 50-day moving average price is $96.76 and its 200-day moving average price is $94.81. Walmart Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock has a market cap of $777.72 billion, a price-to-earnings ratio of 41.65, a P/E/G ratio of 4.65 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT - Get Free Report) last announced 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 net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders 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 of this dividend was Friday, May 9th. Walmart's dividend payout ratio is currently 40.17%.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president owned 1,064,455 shares of the company's stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. This represents a 1.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is owned by company insiders.

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.