Central Valley Advisors LLC Sells 5,216 Shares of Walmart Inc. (NYSE:WMT)

Central Valley Advisors LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 13.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 33,822 shares of the retailer’s stock after selling 5,216 shares during the quarter. Walmart comprises about 1.1% of Central Valley Advisors LLC’s portfolio, making the stock its 27th biggest position. Central Valley Advisors LLC’s holdings in Walmart were worth $2,969,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Curated Wealth Partners LLC purchased a new position in shares of Walmart in the 1st quarter worth about $257,000. Parsons Capital Management Inc. RI boosted its holdings in Walmart by 1.0% in the 1st quarter. Parsons Capital Management Inc. RI now owns 41,516 shares of the retailer’s stock valued at $3,645,000 after purchasing an additional 391 shares during the period. Walker Asset Management LLC grew its position in shares of Walmart by 0.3% during the 1st quarter. Walker Asset Management LLC now owns 129,346 shares of the retailer’s stock valued at $11,355,000 after purchasing an additional 398 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Walmart by 9.4% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 101,053 shares of the retailer’s stock worth $8,892,000 after purchasing an additional 8,700 shares during the period. Finally, Crescent Sterling Ltd. raised its position in shares of Walmart by 47.9% in the first quarter. Crescent Sterling Ltd. now owns 16,775 shares of the retailer’s stock worth $1,473,000 after buying an additional 5,434 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. KeyCorp raised their target price on shares of Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. Oppenheimer lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Finally, Robert W. Baird upped their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $105.68.

Walmart Price Performance

Shares of WMT stock opened at $97.45 on Tuesday. 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 Inc. has a fifty-two week low of $65.90 and a fifty-two week high of $105.30. The firm has a market cap of $779.66 billion, a P/E ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. The business’s 50 day moving average price is $94.86 and its 200-day moving average price is $93.97.

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

Walmart Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The stock was 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 owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 over the last three months. Company insiders own 45.58% of the company’s stock.

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.