Mitchell Sinkler & Starr PA Has $4.86 Million Position in Walmart Inc. (NYSE:WMT)

Mitchell Sinkler & Starr PA reduced its position in shares of Walmart Inc. (NYSE:WMT) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,360 shares of the retailer’s stock after selling 3,464 shares during the period. Walmart comprises about 1.4% of Mitchell Sinkler & Starr PA’s investment portfolio, making the stock its 25th largest holding. Mitchell Sinkler & Starr PA’s holdings in Walmart were worth $4,860,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Whelan Financial boosted its position in Walmart by 2.3% during 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 during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted 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 purchasing an additional 98 shares during the last quarter. Bedel Financial Consulting Inc. boosted its position in Walmart by 0.4% during the first quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after purchasing an additional 102 shares during the last quarter. Scott & Selber Inc. boosted 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 purchasing an additional 105 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC boosted 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 purchasing an additional 105 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer owned 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,696 shares of company stock worth $12,222,245. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

NYSE:WMT opened at $97.45 on Friday. The stock has a fifty day moving average price of $96.76 and a 200-day moving average price of $94.83. The company has a market cap of $777.72 billion, a price-to-earnings ratio of 41.65, a PEG ratio of 4.69 and a beta of 0.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.22 and a current ratio of 0.78. Walmart Inc. has a fifty-two week low of $66.67 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 40.17%.

Analyst Ratings Changes

WMT has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. KeyCorp lifted their price objective on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, June 9th. Evercore ISI upped their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $103.00 target price (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $106.67.

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.