Allen Wealth Management LLC Sells 300 Shares of Walmart Inc. $WMT

by · The Cerbat Gem

Allen Wealth Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 4.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,777 shares of the retailer’s stock after selling 300 shares during the period. Allen Wealth Management LLC’s holdings in Walmart were worth $595,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Whelan Financial increased its holdings in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after acquiring an additional 97 shares during the last quarter. Bedel Financial Consulting Inc. increased its holdings in Walmart by 0.4% in the 1st quarter. Bedel Financial Consulting Inc. now owns 25,915 shares of the retailer’s stock valued at $2,275,000 after acquiring an additional 102 shares during the last quarter. Scott & Selber Inc. increased its holdings in Walmart by 3.7% in the 1st quarter. Scott & Selber Inc. now owns 2,920 shares of the retailer’s stock valued at $256,000 after acquiring an additional 105 shares during the last quarter. Capital Advisors Wealth Management LLC increased its holdings in Walmart by 1.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 7,794 shares of the retailer’s stock valued at $684,000 after acquiring an additional 105 shares during the last quarter. Finally, Lauterbach Financial Advisors LLC increased its holdings in Walmart by 1.8% in the 1st quarter. Lauterbach Financial Advisors LLC now owns 5,885 shares of the retailer’s stock valued at $517,000 after acquiring an additional 106 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares of the company’s stock, valued at approximately $90,619,848.90. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the sale, the executive vice president owned 1,064,455 shares of the company’s stock, valued at approximately $103,252,135. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 140,334 shares of company stock valued at $13,526,350. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. Oppenheimer lifted their price target on shares of Walmart from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Tigress Financial lifted their price objective on shares of Walmart from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Erste Group Bank raised shares of Walmart from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. Finally, Mizuho reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $109.29.

Read Our Latest Research Report on WMT

Walmart Stock Down 0.9%

NYSE:WMT opened at $99.96 on Monday. The company’s fifty day moving average price is $97.60 and its 200-day moving average price is $95.56. Walmart Inc. has a 1-year low of $72.52 and a 1-year high of $105.30. The firm has a market capitalization of $797.72 billion, a P/E ratio of 42.72, a PEG ratio of 4.80 and a beta of 0.66. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22.

Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be paid a $0.235 dividend. This represents a dividend yield of 90.0%. The ex-dividend date of this dividend is Friday, August 15th. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Walmart Company Profile

(Free Report)

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.

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