Walmart Inc. (NYSE:WMT) Shares Sold by Wilson & Boucher Capital Management LLC

Wilson & Boucher Capital Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,262 shares of the retailer’s stock after selling 600 shares during the quarter. Walmart makes up about 1.2% of Wilson & Boucher Capital Management LLC’s holdings, making the stock its 19th largest position. Wilson & Boucher Capital Management LLC’s holdings in Walmart were worth $1,740,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC grew 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 worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the fourth quarter worth about $27,000. Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter worth about $37,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Walmart during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president now directly owns 632,718 shares in the company, valued at approximately $61,607,751.66. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company’s stock, valued at $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,583 shares of company stock valued at $16,701,404. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Piper Sandler increased their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.94.

Walmart Stock Up 0.6%

WMT opened at $96.49 on Friday. 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 business has a 50 day simple moving average of $92.33 and a 200-day simple moving average of $92.90. The stock has a market capitalization of $772.00 billion, a P/E ratio of 40.04, a P/E/G 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 posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart’s 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.