Walmart Inc. (NYSE:WMT) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 11.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,075 shares of the retailer’s stock after selling 7,956 shares during the period. Krilogy Financial LLC’s holdings in Walmart were worth $5,186,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. World Investment Advisors boosted its holdings in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after buying an additional 19,233 shares during the last quarter. Candriam S.C.A. boosted its holdings in Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after buying an additional 599,257 shares during the last quarter. Modera Wealth Management LLC lifted its stake in Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC purchased a new position in Walmart in the 4th quarter worth approximately $1,124,000. Finally, Campbell Wealth Management purchased a new position in Walmart in the 4th quarter worth approximately $359,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on WMT. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Stifel Nicolaus decreased their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. Finally, Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $106.50.

Walmart Stock Down 0.7%

Walmart stock opened at $94.20 on Friday. Walmart Inc. has a fifty-two week low of $66.30 and a fifty-two week high of $105.30. 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 firm has a 50 day moving average price of $95.79 and a 200 day moving average price of $94.06. The company has a market capitalization of $751.76 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter 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. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now owns 630,518 shares in the company, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 137,534 shares of company stock worth $12,833,664. Insiders own 45.58% of the company’s stock.

About Walmart

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.