Walmart Inc. (NYSE:WMT) Shares Sold by Virginia Wealth Management Group Inc.

Virginia Wealth Management Group Inc. lessened its stake in Walmart Inc. (NYSE:WMT) by 11.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,600 shares of the retailer’s stock after selling 5,549 shares during the quarter. Walmart comprises approximately 2.4% of Virginia Wealth Management Group Inc.’s holdings, making the stock its 22nd biggest holding. Virginia Wealth Management Group Inc.’s holdings in Walmart were worth $3,915,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter worth about $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart during the fourth quarter worth about $41,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock worth $47,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 0.1%

Shares of NYSE:WMT opened at $97.34 on Wednesday. The stock has a market capitalization of $778.81 billion, a price-to-earnings ratio of 40.39, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1-year low of $65.90 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a 50 day moving average price of $95.06 and a 200 day moving average price of $93.99.

Walmart (NYSE:WMT) last issued 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. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, research 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. Investors of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is 40.17%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Oppenheimer boosted 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, Stifel Nicolaus cut their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Two investment 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 company. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $105.68.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. 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. Corporate insiders own 45.58% of the company’s stock.

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.