Saxony Capital Management LLC Has $250,000 Stake in Walmart Inc. (NYSE:WMT)

Saxony Capital Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 22.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,852 shares of the retailer’s stock after selling 807 shares during the quarter. Saxony Capital Management LLC’s holdings in Walmart were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Walmart in the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart in the 4th quarter worth approximately $2,306,627,000. GAMMA Investing LLC lifted its holdings in Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock worth $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Northern Trust Corp lifted its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Walmart by 1,707.6% in the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock worth $324,410,000 after purchasing an additional 3,512,368 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of NYSE:WMT opened at $97.24 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The stock has a market capitalization of $776.02 billion, a price-to-earnings ratio of 41.56, a price-to-earnings-growth ratio of 4.78 and a beta of 0.69. The business’s fifty day moving average price is $96.65 and its two-hundred day moving average price is $94.20. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.60 earnings per share. As a group, analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 123,295 shares of company stock valued at $11,801,762. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WMT shares. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Finally, Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Two 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. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $106.50.

Walmart Company 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.