Walmart Inc. (NYSE:WMT) Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its position in Walmart Inc. (NYSE:WMT) by 0.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,511 shares of the retailer’s stock after selling 295 shares during the quarter. Kovack Advisors Inc.’s holdings in Walmart were worth $3,732,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Whelan Financial boosted its holdings in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after acquiring an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after acquiring an additional 98 shares in the last quarter. Scott & Selber Inc. increased its position in Walmart by 3.7% during the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after buying an additional 105 shares in the last quarter. Capital Advisors Wealth Management LLC increased its holdings in shares of Walmart by 1.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock valued at $684,000 after purchasing an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC increased its holdings in shares of Walmart by 1.8% in the first quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock valued at $517,000 after purchasing an additional 106 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

Shares of NYSE:WMT opened at $95.59 on Thursday. The business’s fifty day moving average price is $96.77 and its two-hundred day moving average price is $94.73. The stock has a market cap of $762.88 billion, a PE ratio of 40.85, a price-to-earnings-growth ratio of 4.61 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30.

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

Walmart Announces Dividend

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. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the transaction, the executive vice president owned 628,318 shares of the company’s stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $95.14, for a total transaction of $380,560.00. Following the transaction, the executive vice president directly owned 1,056,455 shares of the company’s stock, valued at $100,511,128.70. This represents a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,696 shares of company stock valued at $12,222,245 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. UBS Group lowered their price target on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Oppenheimer increased their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Truist Financial increased 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. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Two research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $106.67.

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.