Yousif Capital Management LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

Yousif Capital Management LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 578,664 shares of the retailer's stock after selling 30,369 shares during the quarter. Walmart makes up 0.6% of Yousif Capital Management LLC's holdings, making the stock its 22nd biggest holding. Yousif Capital Management LLC's holdings in Walmart were worth $50,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. World Investment Advisors increased its holdings in shares of Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. increased its holdings in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock valued at $79,960,000 after acquiring an additional 599,257 shares in the last quarter. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after acquiring an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $1,124,000. Finally, Campbell Wealth Management bought a new stake in shares of Walmart during the fourth quarter valued at approximately $359,000. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on WMT shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. KeyCorp lifted their target price on Walmart from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Piper Sandler lifted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, DA Davidson reaffirmed a "buy" rating and set a $117.00 target price on shares of Walmart in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $105.68.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

NYSE WMT traded down $1.62 during trading on Wednesday, reaching $95.70. The company's stock had a trading volume of 16,357,466 shares, compared to its average volume of 17,868,540. The stock has a market capitalization of $765.70 billion, a PE ratio of 39.71, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a fifty day moving average of $95.06 and a 200 day moving average of $93.99. Walmart Inc. has a one year low of $65.90 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 EPS. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 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.