JSF Financial LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

JSF Financial LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,199 shares of the retailer’s stock after selling 1,246 shares during the period. JSF Financial LLC’s holdings in Walmart were worth $1,159,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. World Investment Advisors grew its position in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after buying an additional 19,233 shares during the last quarter. Full Sail Capital LLC grew its position in Walmart by 6.6% in the 4th quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock valued at $786,000 after buying an additional 541 shares during the last quarter. Leslie Global Wealth LLC grew its position in Walmart by 22.0% in the 4th quarter. Leslie Global Wealth LLC now owns 3,154 shares of the retailer’s stock valued at $285,000 after buying an additional 568 shares during the last quarter. Scalar Gauge Management LLC grew its position in Walmart by 76.9% in the 4th quarter. Scalar Gauge Management LLC now owns 69,000 shares of the retailer’s stock valued at $6,234,000 after buying an additional 30,000 shares during the last quarter. Finally, Monument Capital Management grew its position in Walmart by 94.2% in the 1st quarter. Monument Capital Management now owns 55,004 shares of the retailer’s stock valued at $4,829,000 after buying an additional 26,685 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMT. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. 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. Royal Bank Of Canada reissued 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. Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus target price of $106.67.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was 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 owned 628,318 shares in the company, valued at approximately $61,851,623.92. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $95.14, for a total value of $380,560.00. Following the sale, the executive vice president owned 1,056,455 shares of the company’s stock, valued at $100,511,128.70. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,112 shares of company stock worth $14,078,027. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.1%

Shares of WMT stock opened at $97.57 on Tuesday. The firm has a 50-day moving average price of $96.75 and a 200 day moving average price of $94.89. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The company has a market capitalization of $778.65 billion, a price-to-earnings ratio of 41.70, a PEG ratio of 4.69 and a beta of 0.68. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company 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 was Friday, May 9th. Walmart’s payout ratio is currently 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.