Mogy Joel R Investment Counsel Inc. Sells 1,166 Shares of Walmart Inc. (NYSE:WMT)

Mogy Joel R Investment Counsel Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 1.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 62,842 shares of the retailer’s stock after selling 1,166 shares during the period. Mogy Joel R Investment Counsel Inc.’s holdings in Walmart were worth $5,517,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. bought a new position in Walmart in the fourth quarter valued at about $41,000. Finally, Nexus Investment Management ULC purchased a new position in Walmart in the first quarter worth about $49,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total transaction of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,534 shares of company stock worth $12,833,664. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.7%

Walmart stock opened at $95.70 on Thursday. Walmart Inc. has a 1 year low of $65.90 and a 1 year high of $105.30. The firm’s 50 day moving average price is $95.31 and its 200-day moving average price is $94.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market cap of $765.70 billion, a P/E ratio of 39.71, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders 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 dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is 40.17%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WMT. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Evercore ISI upped their target price on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

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.