Walmart Inc. (NYSE:WMT) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in Walmart Inc. (NYSE:WMT) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,928 shares of the retailer’s stock after selling 633 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Walmart were worth $2,803,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC grew its position in 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 acquiring an additional 262 shares in the last quarter. Noble Wealth Management PBC purchased a new position in shares of Walmart during the 4th quarter valued at approximately $37,000. Mizuho Bank Ltd. purchased a new position in shares of Walmart during the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart during the 1st quarter valued at approximately $49,000. 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 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following 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. Insiders have sold a total of 137,534 shares of company stock worth $12,833,664 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Performance

WMT stock opened at $94.80 on Friday. 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 stock has a market capitalization of $758.48 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1 year low of $65.95 and a 1 year high of $105.30. The stock’s fifty day moving average is $95.54 and its two-hundred day moving average is $94.04.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company 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 firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.60 earnings per share. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Walmart in a research note on Friday, May 16th. Raymond James reduced their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Evercore ISI increased their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $106.50.

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.