Walmart Inc. (NYSE:WMT) Shares Sold by Motive Wealth Advisors

Motive Wealth Advisors decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,554 shares of the retailer’s stock after selling 295 shares during the period. Motive Wealth Advisors’ holdings in Walmart were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised 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 in the last quarter. Noble Wealth Management PBC bought a new position in shares of Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. bought a new position in shares of Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC bought a new position in shares of Walmart in the first quarter valued at approximately $49,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Trading Down 0.7%

NYSE WMT opened at $94.20 on Friday. The company has a market cap of $751.76 billion, a PE ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $66.41 and a 12 month high of $105.30. The stock has a 50 day moving average of $95.79 and a 200-day moving average of $94.08.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $164.53 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities research 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. Investors of record on Monday, May 12th were paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $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. Insiders have sold 137,534 shares of company stock worth $12,833,664 in the last 90 days. Company insiders own 45.58% of the company’s stock.

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.