Zullo Investment Group Inc. Has $3.10 Million Position in Walmart Inc. (NYSE:WMT)

Zullo Investment Group Inc. decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 12.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,293 shares of the retailer's stock after selling 4,856 shares during the quarter. Walmart comprises about 1.3% of Zullo Investment Group Inc.'s portfolio, making the stock its 11th biggest holding. Zullo Investment Group Inc.'s holdings in Walmart were worth $3,098,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. World Investment Advisors increased its stake in shares of Walmart by 7.6% during 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 period. GWN Securities Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $4,658,000. Full Sail Capital LLC grew its stake in shares of Walmart by 6.6% during the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer's stock worth $786,000 after buying an additional 541 shares during the last quarter. Leslie Global Wealth LLC increased its holdings in Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer's stock worth $285,000 after purchasing an additional 568 shares in the last quarter. Finally, Scalar Gauge Management LLC raised its holdings in Walmart by 76.9% in the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer's stock valued at $6,234,000 after buying an additional 30,000 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. Mizuho boosted their price target on Walmart from $105.00 to $115.00 and gave the company an "outperform" rating in a research note on Monday, June 9th. Raymond James Financial dropped 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. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Evercore ISI increased their target price 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 reiterated an "outperform" rating and set a $103.00 price target (up previously from $102.00) on shares of Walmart in a research note 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 given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $106.67.

Walmart Stock Down 0.5%

Walmart stock opened at $94.36 on Friday. The firm has a market capitalization of $753.03 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 4.54 and a beta of 0.68. The firm has a 50 day simple moving average of $97.10 and a 200 day simple moving average of $94.51. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. 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, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the sale, the executive vice president owned 945,434 shares of the company's stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the transaction, the executive vice president owned 650,977 shares in the company, valued at $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock worth $13,710,319 in the last ninety days. 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.

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