San Luis Wealth Advisors LLC Cuts Stock Position in Walmart Inc. (NYSE:WMT)

San Luis Wealth Advisors LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 25.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,122 shares of the retailer’s stock after selling 3,801 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Walmart were worth $976,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter valued at about $25,000. Horizon Financial Services LLC lifted its stake in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter valued at about $37,000. Mizuho Bank Ltd. bought a new position in Walmart during the 4th quarter worth approximately $41,000. Finally, Nexus Investment Management ULC bought a new position in Walmart during the 1st quarter worth approximately $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.1%

Shares of NYSE WMT opened at $94.24 on Wednesday. Walmart Inc. has a 1 year low of $66.55 and a 1 year high of $105.30. 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 firm has a 50-day moving average of $96.13 and a 200 day moving average of $94.11. The stock has a market cap of $752.04 billion, a P/E ratio of 40.27, a price-to-earnings-growth ratio of 4.60 and a beta of 0.69.

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

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction 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 approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $94.77, for a total transaction of $166,795.20. Following the completion of the transaction, the executive vice president now owns 650,977 shares in the company, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,294 shares of company stock worth $12,656,659. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on WMT. Stifel Nicolaus lowered their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Finally, Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.