Hengehold Capital Management LLC Sells 1,066 Shares of Walmart Inc. (NYSE:WMT)

Hengehold Capital Management LLC decreased its position in Walmart Inc. (NYSE:WMT) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,028 shares of the retailer’s stock after selling 1,066 shares during the quarter. Hengehold Capital Management LLC’s holdings in Walmart were worth $5,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its holdings in shares of Walmart by 27.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 296,169 shares of the retailer’s stock worth $26,001,000 after purchasing an additional 64,539 shares during the period. Lockerman Financial Group Inc. boosted its holdings in shares of Walmart by 7.1% in the 1st quarter. Lockerman Financial Group Inc. now owns 5,605 shares of the retailer’s stock worth $492,000 after purchasing an additional 370 shares during the period. Pinion Investment Advisors LLC boosted its holdings in shares of Walmart by 94.1% in the 1st quarter. Pinion Investment Advisors LLC now owns 45,774 shares of the retailer’s stock worth $4,018,000 after purchasing an additional 22,196 shares during the period. Atlas Private Wealth Advisors boosted its holdings in shares of Walmart by 10.8% in the 1st quarter. Atlas Private Wealth Advisors now owns 7,634 shares of the retailer’s stock worth $670,000 after purchasing an additional 744 shares during the period. Finally, CogentBlue Wealth Advisors LLC purchased a new position in Walmart during the 1st quarter valued at $299,000. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 137,534 shares of company stock valued at $12,833,664. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMT shares. Raymond James decreased 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. 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 report on Wednesday, April 9th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Stock Down 0.7%

Walmart stock opened at $94.20 on Friday. Walmart Inc. has a twelve month low of $66.41 and a twelve month high of $105.30. The stock has a 50 day moving average of $95.79 and a two-hundred day moving average of $94.08. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period last year, the firm earned $0.60 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid 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 dividend payout ratio (DPR) is 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.