Trivant Custom Portfolio Group LLC Has $4.57 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Trivant Custom Portfolio Group LLC lessened its position in Walmart Inc. (NYSE:WMT) by 1.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,081 shares of the retailer’s stock after selling 562 shares during the quarter. Walmart accounts for 2.6% of Trivant Custom Portfolio Group LLC’s portfolio, making the stock its 9th largest position. Trivant Custom Portfolio Group LLC’s holdings in Walmart were worth $4,572,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several research analysts recently commented on WMT shares. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Truist Financial raised their price target 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Monday, June 9th. Finally, Guggenheim reissued a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

Walmart Stock Up 0.9%

Shares of Walmart stock opened at $95.10 on Friday. The firm’s 50 day moving average price is $96.32 and its 200-day moving average price is $94.13. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 52-week low of $66.55 and a 52-week high of $105.30. The company has a market cap of $758.95 billion, a P/E ratio of 40.64, a PEG ratio of 4.64 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm earned $0.60 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict 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 paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $94.77, for a total value of $166,795.20. Following the completion of the sale, the executive vice president now directly owns 650,977 shares in the company, valued at $61,693,090.29. This trade represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the sale, the executive vice president now owns 630,518 shares of the company’s stock, valued at $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,294 shares of company stock worth $12,656,659 in the last three months. Corporate insiders own 45.58% of the company’s stock.

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.