Walmart Inc. (NYSE:WMT) Shares Sold by Navalign LLC

Navalign LLC cut its stake in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,502 shares of the retailer’s stock after selling 240 shares during the quarter. Walmart makes up 0.7% of Navalign LLC’s portfolio, making the stock its 24th largest holding. Navalign LLC’s holdings in Walmart were worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. bought a new position in shares of Walmart in the fourth quarter valued at approximately $41,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Wells Fargo & Company raised their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Guggenheim reiterated a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.94.

Insiders Place Their Bets

In related news, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. The trade was a 4.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 166,035 shares of company stock worth $15,548,082 in the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

WMT opened at $96.48 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $91.95 and its two-hundred day moving average price is $92.72. The firm has a market capitalization of $771.89 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last announced 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 net margin of 2.85% and a return on equity of 21.87%. The business 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 company posted $0.60 earnings per share. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. 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.