Wealthcare Advisory Partners LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Wealthcare Advisory Partners LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,242 shares of the retailer’s stock after selling 737 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Walmart were worth $6,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Trust Co. of Oklahoma boosted its holdings in Walmart by 5.7% in the 1st quarter. Trust Co. of Oklahoma now owns 35,545 shares of the retailer’s stock valued at $3,120,000 after purchasing an additional 1,920 shares in the last quarter. Signet Financial Management LLC purchased a new stake in Walmart in the 1st quarter valued at approximately $210,000. Parisi Gray Wealth Management purchased a new stake in Walmart in the 1st quarter valued at approximately $201,000. Everest Management Corp. purchased a new stake in Walmart in the 1st quarter valued at approximately $201,000. Finally, Tounjian Advisory Partners LLC purchased a new stake in Walmart in the 1st quarter valued at approximately $1,107,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of analyst reports. KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday. Evercore ISI boosted their price target on Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Robert W. Baird boosted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Finally, Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Two research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.68.

Walmart Trading Down 0.0%

Shares of WMT opened at $97.45 on Tuesday. The stock has a fifty day moving average of $94.86 and a two-hundred day moving average of $93.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $779.66 billion, a PE ratio of 40.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $65.90 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly 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. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 40.17%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the sale, the executive vice president now owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 137,534 shares of company stock worth $12,833,664 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.