Walmart Inc. (NYSE:WMT) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,962 shares of the retailer’s stock after selling 138 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Walmart were worth $3,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Tallon Kerry Patrick purchased a new stake in Walmart during the 4th quarter valued at about $252,000. LaFleur & Godfrey LLC grew its stake in Walmart by 1.4% during the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after purchasing an additional 992 shares during the last quarter. Eagle Capital Management LLC grew its stake in Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after purchasing an additional 321 shares during the last quarter. Brighton Jones LLC grew its stake in Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares during the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in Walmart during the 4th quarter valued at about $10,645,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,148 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now owns 4,451,199 shares in the company, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president now owns 1,064,455 shares of the company’s stock, valued at $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Down 0.5%

Shares of NYSE:WMT opened at $97.46 on Friday. The business has a 50-day moving average price of $94.71 and a 200 day moving average price of $93.84. 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 company has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12-month low of $65.64 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last announced its 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 analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Truist Financial upped their target price on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Robert W. Baird upped their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Citigroup restated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty-one have given 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 price target of $105.16.

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.