Unique Wealth LLC Sells 286 Shares of Walmart Inc. (NYSE:WMT)

Unique Wealth LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 5.6% during the first quarter, HoldingsChannel reports. The fund owned 4,799 shares of the retailer’s stock after selling 286 shares during the quarter. Unique Wealth LLC’s holdings in Walmart were worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tallon Kerry Patrick acquired a new stake in Walmart during the fourth quarter worth $252,000. LaFleur & Godfrey LLC lifted its holdings in shares of Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC lifted its holdings in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after acquiring an additional 321 shares during the period. Brighton Jones LLC lifted its holdings in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after acquiring an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Walmart during the fourth quarter valued at $10,645,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on WMT. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Stifel Nicolaus cut their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Wednesday, May 21st. Finally, Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.16.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $97.82 on Friday. Walmart Inc. has a 52-week low of $65.64 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a 50 day simple moving average of $94.53 and a 200 day simple moving average of $93.76. The firm has a market capitalization of $782.64 billion, a PE ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.69.

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 analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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