Liberty One Investment Management LLC cut its stake in Walmart Inc. (NYSE:WMT – Free Report) by 0.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,613 shares of the retailer’s stock after selling 365 shares during the period. Liberty One Investment Management LLC’s holdings in Walmart were worth $5,585,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Whelan Financial raised its holdings in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares in the last quarter. Scott & Selber Inc. raised its holdings in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock worth $256,000 after purchasing an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC raised its holdings in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock worth $684,000 after purchasing an additional 105 shares in the last quarter. Finally, Van Strum & Towne Inc. raised its holdings in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after purchasing an additional 108 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on WMT. KeyCorp boosted their target price on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $103.00 price target (up previously from $102.00) on shares of Walmart in a research report on Monday, June 9th. Stifel Nicolaus decreased their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, DA Davidson restated a “buy” rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $106.67.
Insiders Place Their Bets
In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares of the company’s stock, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 19,416 shares of Walmart stock in a transaction on Thursday, June 26th. The shares were 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 directly owned 4,431,783 shares of the company’s stock, valued at approximately $430,724,989.77. The trade was a 0.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 in the last 90 days. 45.58% of the stock is owned by corporate insiders.
Walmart Trading Up 0.9%
Shares of NYSE:WMT opened at $99.27 on Tuesday. The firm has a fifty day moving average of $97.22 and a two-hundred day moving average of $94.41. The firm has a market capitalization of $792.22 billion, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 4.73 and a beta of 0.68. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47.
Walmart (NYSE:WMT – Get Free Report) last released its quarterly earnings data 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 net margin of 2.75% and a return on equity of 21.76%. 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 business earned $0.60 EPS. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s payout ratio is presently 40.17%.
Walmart 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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