Walmart Inc. (NYSE:WMT) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA trimmed its position in Walmart Inc. (NYSE:WMT) by 3.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,941 shares of the retailer’s stock after selling 2,910 shares during the period. Jacobs & Co. CA’s holdings in Walmart were worth $6,842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $27,000. Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter valued at $37,000. Finally, Mizuho Bank Ltd. acquired a new position in Walmart during the fourth quarter valued at $41,000. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on WMT shares. Roth Mkm restated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Citigroup reiterated a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Finally, Truist Financial boosted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Two 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,334 shares of company stock valued at $12,615,864 over the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Price Performance

NYSE:WMT opened at $97.23 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $777.93 billion, a PE ratio of 40.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12 month low of $64.16 and a 12 month high of $105.30. The company’s 50-day moving average price is $93.00 and its two-hundred day moving average price is $93.17.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the business earned $0.60 EPS. Walmart’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) 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.