Strategic Advisors LLC Sells 1,698 Shares of Walmart Inc. (NYSE:WMT)

Strategic Advisors LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 13.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,779 shares of the retailer’s stock after selling 1,698 shares during the quarter. Strategic Advisors LLC’s holdings in Walmart were worth $946,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% during the 4th 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 period. Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter valued at approximately $37,000. Mizuho Bank Ltd. bought a new stake in Walmart during the 4th quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC bought a new stake in Walmart during the 1st quarter valued at approximately $49,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’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 sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 in the last 90 days. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Roth Mkm restated a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Truist Financial raised their price objective on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Finally, DA Davidson reiterated a “buy” rating and issued a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $106.50.

Walmart Stock Down 0.2%

NYSE:WMT opened at $94.28 on Tuesday. The stock’s fifty day simple moving average is $96.04 and its 200-day simple moving average is $94.11. Walmart Inc. has a 12-month low of $66.41 and a 12-month high of $105.30. The firm has a market capitalization of $752.39 billion, a P/E ratio of 39.12, a P/E/G ratio of 4.42 and a beta of 0.69. 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 quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the business posted $0.60 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared 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 dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is 40.17%.

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.