Walmart Inc. (NYSE:WMT) Holdings Trimmed by Persium Advisors LLC

Persium Advisors LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,378 shares of the retailer’s stock after selling 134 shares during the quarter. Walmart accounts for approximately 0.6% of Persium Advisors LLC’s investment portfolio, making the stock its 22nd largest position. Persium Advisors LLC’s holdings in Walmart were worth $648,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the fourth quarter valued at $41,000. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of Walmart by 40.0% during the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock valued at $47,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on WMT. Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Raymond James reduced their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Roth Mkm reissued a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average price target of $105.16.

Walmart Stock Down 0.5%

WMT opened at $97.46 on Friday. Walmart Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $105.30. The business has a 50-day moving average of $94.71 and a 200-day moving average of $93.84. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $779.77 billion, a PE ratio of 40.44, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 EPS. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed 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 is 40.17%.

Insider Activity

In other news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. This represents a 0.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 137,534 shares of company stock valued at $12,833,664. Insiders own 45.58% of the company’s stock.

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.