Onyx Bridge Wealth Group LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Onyx Bridge Wealth Group LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 8,224 shares of the retailer’s stock after selling 232 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Walmart were worth $722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whelan Financial increased its position in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after acquiring an additional 97 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Walmart by 1.7% during the 4th 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 during the period. Scott & Selber Inc. grew its holdings in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after purchasing an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC raised its position in Walmart by 1.4% in the 1st 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 during the period. Finally, Van Strum & Towne Inc. lifted its stake in Walmart by 1.6% in 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 during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 19,416 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $97.19, for a total value of $1,887,041.04. Following the completion of the transaction, the chief executive officer directly owned 4,431,783 shares of the company’s stock, valued at $430,724,989.77. This trade represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred 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 sale, 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. Insiders sold a total of 142,711 shares of company stock valued at $13,710,319 in the last 90 days. 45.58% of the stock is owned by insiders.

Walmart Stock Up 0.7%

Shares of Walmart stock opened at $98.29 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a market cap of $784.40 billion, a P/E ratio of 42.00, a PEG ratio of 4.70 and a beta of 0.68. The firm’s 50 day moving average price is $97.07 and its 200-day moving average price is $94.33. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.60 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Raymond James Financial reduced their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Robert W. Baird lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. KeyCorp upped their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. Finally, Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. 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’s stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $106.67.

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.