Strategic Advisors LLC Sells 1,698 Shares of Walmart Inc. (NYSE:WMT)

Strategic Advisors LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 13.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,779 shares of the retailer’s stock after selling 1,698 shares during the period. Strategic Advisors LLC’s holdings in Walmart were worth $946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC grew its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Noble Wealth Management PBC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Walmart in the first quarter valued at approximately $49,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction 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 $76,350,158.55. This trade represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% 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 valued at $12,833,664 in the last three months. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.2%

NYSE WMT opened at $94.28 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $66.41 and a twelve month high of $105.30. The company has a market cap of $752.39 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The business’s fifty day moving average is $96.04 and its 200 day moving average is $94.11.

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 the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company 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 business posted $0.60 EPS. Walmart’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 announced 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 was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

WMT has been the topic of several research reports. Robert W. Baird upped their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

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.