Walmart Inc. (NYSE:WMT) Holdings Cut by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 43,056 shares of the retailer’s stock after selling 987 shares during the period. Parr Mcknight Wealth Management Group LLC’s holdings in Walmart were worth $3,780,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart in the 1st quarter valued at $35,000. Mizuho Bank Ltd. acquired a new position in Walmart in the 4th quarter valued at $41,000. Nexus Investment Management ULC acquired a new position in Walmart in the 1st quarter valued at $49,000. Finally, WealthTrak Capital Management LLC acquired a new position in Walmart in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The shares were 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 in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total transaction of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company’s stock, valued at approximately $61,851,623.92. This represents a 0.35% 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 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.1%

Shares of NYSE WMT opened at $96.95 on Thursday. Walmart Inc. has a 1-year low of $66.67 and a 1-year high of $105.30. The company has a market cap of $773.70 billion, a PE ratio of 41.43, a P/E/G ratio of 4.67 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $97.24 and a two-hundred day moving average of $94.45.

Walmart (NYSE:WMT) last announced its 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 net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on WMT shares. Citigroup reiterated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Sanford C. Bernstein restated an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.67.

About Walmart

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.