Whitener Capital Management Inc. Sells 2,946 Shares of Walmart Inc. (NYSE:WMT)

Whitener Capital Management Inc. trimmed its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 192,174 shares of the retailer's stock after selling 2,946 shares during the quarter. Walmart makes up approximately 4.8% of Whitener Capital Management Inc.'s holdings, making the stock its 3rd biggest position. Whitener Capital Management Inc.'s holdings in Walmart were worth $16,871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Capital Management LLC boosted its holdings in Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after acquiring an additional 321 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer's stock worth $8,868,000 after acquiring an additional 21,939 shares during the last quarter. Revolve Wealth Partners LLC lifted 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 buying an additional 485 shares in the last quarter. Highview Capital Management LLC DE lifted 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 buying an additional 1,720 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted 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 buying an additional 5,765 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT traded up $0.92 during trading hours on Monday, hitting $95.32. The stock had a trading volume of 4,647,685 shares, compared to its average volume of 18,083,244. 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 Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The firm has a market capitalization of $760.65 billion, a PE ratio of 40.71, a PEG ratio of 4.54 and a beta of 0.68. The stock has a fifty day moving average price of $97.10 and a 200 day moving average price of $94.52.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on WMT. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. UBS Group dropped their price target on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. KeyCorp upped their price target on Walmart from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, June 9th. Evercore ISI lifted their price objective on Walmart from $105.00 to $107.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $106.67.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 4,431,783 shares in the company, valued at approximately $430,724,989.77. This represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction 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 sale, the executive vice president owned 945,434 shares of the company's stock, 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 90 days, insiders sold 142,711 shares of company stock valued at $13,710,319. Company insiders own 45.58% of the company's stock.

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.