Walmart Inc. (NYSE:WMT) Shares Sold by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. trimmed its position in Walmart Inc. (NYSE:WMT) by 3.9% in the first quarter, Holdings Channel.com reports. The fund owned 5,858 shares of the retailer’s stock after selling 240 shares during the period. Peregrine Asset Advisers Inc.’s holdings in Walmart were worth $514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Whelan Financial boosted its position in Walmart by 2.3% during the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock worth $392,000 after acquiring an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after buying an additional 98 shares during the period. Scott & Selber Inc. raised its position in Walmart by 3.7% during the first quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after buying an additional 105 shares during the period. Capital Advisors Wealth Management LLC raised its position in Walmart by 1.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock valued at $684,000 after buying an additional 105 shares during the period. Finally, Lauterbach Financial Advisors LLC increased its position in Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock worth $517,000 after purchasing an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Truist Financial raised their target price on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. Stifel Nicolaus dropped their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Robert W. Baird boosted their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.67.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,744 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $95.60, for a total value of $166,726.40. Following the completion of the sale, the executive vice president directly owned 649,233 shares of the company’s stock, valued at approximately $62,066,674.80. This represents a 0.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the completion of the sale, the executive vice president directly owned 628,318 shares of the company’s stock, valued at $61,851,623.92. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 138,695 shares of company stock valued at $13,336,162 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $95.01 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $96.81 and a 200-day simple moving average of $94.68. Walmart Inc. has a 52-week low of $66.67 and a 52-week high of $105.30. The company has a market capitalization of $758.22 billion, a PE ratio of 40.60, a P/E/G ratio of 4.57 and a beta of 0.68.

Walmart (NYSE:WMT) last released 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 analysts’ expectations of $164.53 billion. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend 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.