JFS Wealth Advisors LLC Sells 2,816 Shares of Walmart Inc. (NYSE:WMT)

JFS Wealth Advisors LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 8.1% in the 1st quarter, Holdings Channel reports. The fund owned 32,146 shares of the retailer’s stock after selling 2,816 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Walmart were worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of WMT. Whelan Financial raised its stake in shares of Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in shares of Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC raised its stake in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares in the last quarter. Van Strum & Towne Inc. raised its stake in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares in the last quarter. Finally, Planning Center Inc. raised its stake in shares of Walmart by 1.8% in the first quarter. Planning Center Inc. now owns 6,018 shares of the retailer’s stock valued at $528,000 after purchasing an additional 108 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Raymond James Financial dropped their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, DA Davidson reiterated a “buy” rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.50.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 650,977 shares in the company, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,294 shares of company stock worth $12,656,659 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT stock opened at $96.16 on Monday. The stock’s fifty day moving average is $96.39 and its 200-day moving average is $94.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. The stock has a market capitalization of $767.41 billion, a PE ratio of 41.10, a PEG ratio of 4.69 and a beta of 0.69. Walmart Inc. has a 52 week low of $66.55 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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