TFC Financial Management Inc. Sells 473 Shares of Walmart Inc. (NYSE:WMT)

TFC Financial Management Inc. reduced its position in Walmart Inc. (NYSE:WMT) by 5.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,847 shares of the retailer’s stock after selling 473 shares during the quarter. TFC Financial Management Inc.’s holdings in Walmart were worth $777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. LaFleur & Godfrey LLC increased its position in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after purchasing an additional 992 shares in the last quarter. Eagle Capital Management LLC grew its stake in shares of Walmart by 9.1% during the fourth 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 last quarter. Brighton Jones LLC increased its holdings in shares of Walmart by 28.8% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Walmart by 5.8% in the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock valued at $800,000 after acquiring an additional 485 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its holdings in shares of Walmart by 1.6% during the 4th quarter. SOA Wealth Advisors LLC. now owns 9,194 shares of the retailer’s stock valued at $831,000 after acquiring an additional 142 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the sale, the chief executive officer now owns 4,480,347 shares of the company’s stock, valued at $422,003,883.93. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,295 shares of company stock worth $11,801,762. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $96.22 on Friday. The stock has a market capitalization of $767.85 billion, a price-to-earnings ratio of 41.12, a PEG ratio of 4.75 and a beta of 0.69. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. 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’s 50 day moving average price is $96.71 and its two-hundred day moving average price is $94.22.

Walmart (NYSE:WMT) last issued its earnings results 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 for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. Walmart’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is currently 40.17%.

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.