Bfsg LLC Trims Stake in Walmart Inc. (NYSE:WMT)

Bfsg LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,850 shares of the retailer’s stock after selling 2,839 shares during the period. Bfsg LLC’s holdings in Walmart were worth $5,166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tallon Kerry Patrick purchased a new position in shares of Walmart during the 4th quarter valued at about $252,000. LaFleur & Godfrey LLC boosted its position in shares of Walmart by 1.4% in the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC boosted its position in shares of Walmart by 9.1% in the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC increased its stake in shares of Walmart by 28.8% in the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after purchasing an additional 21,939 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Walmart in the fourth quarter worth $10,645,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Mizuho lifted their target price on shares of Walmart from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, June 9th. DA Davidson reissued a “buy” rating and set a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Truist Financial upped their price objective on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now directly owns 520,275 shares of the company’s stock, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,294 shares of company stock valued at $12,656,659. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 0.1%

WMT opened at $94.24 on Wednesday. Walmart Inc. has a 12 month low of $66.55 and a 12 month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $96.13 and a 200 day moving average of $94.11. The firm has a market cap of $752.04 billion, a P/E ratio of 40.27, a P/E/G ratio of 4.60 and a beta of 0.69.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders 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 of this dividend was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Walmart 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.