Walmart Inc. (NYSE:WMT) Shares Sold by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 15.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,051 shares of the retailer’s stock after selling 4,561 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Walmart were worth $2,111,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC lifted its position in shares of 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 acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter worth $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the 4th quarter worth $41,000. Finally, Elevation Wealth Partners LLC grew its holdings in shares of Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock worth $47,000 after acquiring an additional 150 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

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

Walmart Trading Down 0.1%

Shares of WMT stock opened at $97.34 on Wednesday. Walmart Inc. has a 12 month low of $65.90 and a 12 month high of $105.30. The company has a market cap of $778.81 billion, a PE ratio of 40.39, a price-to-earnings-growth 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. The business’s 50 day moving average is $95.06 and its two-hundred day moving average is $93.99.

Walmart (NYSE:WMT) last posted 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. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

WMT has been the subject of a number of recent analyst reports. Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Piper Sandler boosted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial raised their price objective on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Two investment 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. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $105.68.

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.