Fortitude Advisory Group L.L.C. Sells 15,739 Shares of Walmart Inc. (NYSE:WMT)

Fortitude Advisory Group L.L.C. lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 53.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 13,514 shares of the retailer’s stock after selling 15,739 shares during the period. Walmart accounts for 0.9% of Fortitude Advisory Group L.L.C.’s portfolio, making the stock its 19th largest position. Fortitude Advisory Group L.L.C.’s holdings in Walmart were worth $1,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust grew its stake in shares of Walmart by 10.2% during the first quarter. Grove Bank & Trust now owns 20,615 shares of the retailer’s stock worth $1,810,000 after purchasing an additional 1,906 shares during the period. Grimes & Company Inc. boosted its holdings in Walmart by 3.1% during the first quarter. Grimes & Company Inc. now owns 16,805 shares of the retailer’s stock worth $1,475,000 after buying an additional 507 shares during the last quarter. Claris Advisors LLC MO grew its position in shares of Walmart by 53.3% during the 1st quarter. Claris Advisors LLC MO now owns 9,908 shares of the retailer’s stock worth $870,000 after buying an additional 3,443 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Walmart during the 1st quarter worth about $270,000. Finally, Sentry LLC increased its stake in shares of Walmart by 2.6% in the 1st quarter. Sentry LLC now owns 70,198 shares of the retailer’s stock valued at $6,163,000 after acquiring an additional 1,800 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the sale, the executive vice president now directly owns 632,718 shares of the company’s stock, valued at $61,607,751.66. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock valued at $12,833,664 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Stock Down 0.2%

WMT stock opened at $94.28 on Tuesday. The company has a market cap of $752.39 billion, a price-to-earnings ratio of 39.12, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $66.41 and a twelve month high of $105.30. The business has a 50 day moving average price of $96.04 and a two-hundred day moving average price of $94.11. 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 released its 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. The business 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 was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared 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 of this dividend was Friday, May 9th. Walmart’s payout ratio is currently 40.17%.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Barclays restated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Mizuho upped their price objective on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, June 9th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.50.

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.