Patriot Investment Management Group Inc. Has $1.18 Million Stake in Walmart Inc. (NYSE:WMT)

Patriot Investment Management Group Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,431 shares of the retailer’s stock after selling 203 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in Walmart were worth $1,179,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at about $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the 4th quarter valued at about $41,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Walmart in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WMT shares. Evercore ISI boosted their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. DA Davidson reissued a “buy” rating and set a $117.00 price objective on shares of Walmart in a report on Friday, May 16th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Walmart in a research note on Monday. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Finally, Raymond James cut 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. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Trading Down 1.0%

Walmart stock opened at $94.80 on Friday. The stock has a market cap of $758.48 billion, a P/E ratio of 39.34, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $65.95 and a fifty-two week high of $105.30. The firm’s fifty day moving average price is $95.54 and its 200-day moving average price is $94.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company 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 was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is currently 40.17%.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company’s stock, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by company insiders.

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.