USA Financial Formulas Has $1.07 Million Holdings in Walmart Inc. (NYSE:WMT)

USA Financial Formulas lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,221 shares of the retailer’s stock after selling 1,621 shares during the quarter. USA Financial Formulas’ holdings in Walmart were worth $1,073,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Tallon Kerry Patrick bought a new position in Walmart during the 4th quarter worth about $252,000. LaFleur & Godfrey LLC increased its holdings in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after purchasing an additional 992 shares in the last quarter. Eagle Capital Management LLC increased its holdings in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after purchasing an additional 321 shares in the last quarter. Brighton Jones LLC increased its holdings in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA bought a new position in Walmart during the 4th quarter worth about $10,645,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMT. Truist Financial increased their target price on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Walmart in a report on Monday. Finally, Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $105.68.

Walmart Trading Down 0.1%

Shares of NYSE:WMT opened at $97.34 on Wednesday. Walmart Inc. has a 12-month low of $65.90 and a 12-month high of $105.30. The stock has a market cap of $778.81 billion, a PE ratio of 40.39, a P/E/G ratio of 4.42 and a beta of 0.69. The business has a 50 day moving average of $95.06 and a 200-day moving average of $93.99. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) 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 company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast 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 dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

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.