Wilson & Boucher Capital Management LLC Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Wilson & Boucher Capital Management LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,262 shares of the retailer’s stock after selling 600 shares during the period. Walmart accounts for about 1.2% of Wilson & Boucher Capital Management LLC’s portfolio, making the stock its 19th largest holding. Wilson & Boucher Capital Management LLC’s holdings in Walmart were worth $1,740,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC grew its position 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. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $41,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s 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 sale, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 177,583 shares of company stock worth $16,701,404. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.6%

Shares of NYSE WMT opened at $96.49 on Friday. The stock has a market cap of $772.00 billion, a P/E ratio of 40.04, a PEG ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30. The business’s fifty day simple moving average is $92.33 and its 200-day simple moving average is $92.90.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.60 earnings per share. As a group, equities 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 will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.94.

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.