Sculati Wealth Management LLC Reduces Stake in Walmart Inc. (NYSE:WMT)

Sculati Wealth Management LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 11.1% during the fourth quarter, HoldingsChannel reports. The fund owned 3,855 shares of the retailer’s stock after selling 480 shares during the period. Sculati Wealth Management LLC’s holdings in Walmart were worth $348,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC grew its position 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 buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in shares of Walmart in the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new position in shares of Walmart in the 4th quarter valued at $37,000. Finally, Mizuho Bank Ltd. purchased a new position in shares of Walmart in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.6%

WMT opened at $96.49 on Monday. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. 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 firm’s fifty day moving average price is $92.33 and its two-hundred day moving average price is $93.03. The company 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 (NYSE:WMT) last released its quarterly earnings data 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. 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%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Truist Financial raised their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, DA Davidson reissued a “buy” rating and set a $117.00 price objective on shares of Walmart in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This represents a 2.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,583 shares of company stock valued at $16,701,404 in the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Company 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.