Bfsg LLC Sells 2,839 Shares of Walmart Inc. (NYSE:WMT)

Bfsg LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,850 shares of the retailer’s stock after selling 2,839 shares during the period. Bfsg LLC’s holdings in Walmart were worth $5,166,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. World Investment Advisors lifted its holdings in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after acquiring an additional 19,233 shares during the last quarter. Candriam S.C.A. lifted its stake in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares during the last quarter. Modera Wealth Management LLC boosted its position in Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after buying an additional 9,292 shares during the period. Cushing Capital Partners LLC purchased a new position in shares of Walmart in the fourth quarter worth about $1,124,000. Finally, GWN Securities Inc. bought a new stake in shares of Walmart in the 4th quarter valued at about $4,658,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.1%

Shares of NYSE:WMT opened at $94.24 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $96.13 and a two-hundred day simple moving average of $94.11. Walmart Inc. has a 12-month low of $66.55 and a 12-month high of $105.30. The stock has a market capitalization of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69.

Walmart (NYSE:WMT) last issued 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. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $93.50, for a total transaction of $374,000.00. Following the sale, the executive vice president now directly owns 1,096,455 shares in the company, valued at approximately $102,518,542.50. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,294 shares of company stock valued at $12,656,659 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WMT. Mizuho raised their price target on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, June 9th. KeyCorp lifted their target price on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Truist Financial increased their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Guggenheim restated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.