Walmart Inc. (NYSE:WMT) Shares Sold by SMART Wealth LLC

by · The Cerbat Gem

SMART Wealth LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,952 shares of the retailer’s stock after selling 202 shares during the period. SMART Wealth LLC’s holdings in Walmart were worth $1,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Eagle Capital Management LLC grew its holdings in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after acquiring an additional 321 shares during the period. Brighton Jones LLC grew its holdings in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares during the period. Revolve Wealth Partners LLC grew its holdings in Walmart by 5.8% during the fourth quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after acquiring an additional 485 shares during the period. Highview Capital Management LLC DE grew its holdings in Walmart by 4.9% during the fourth quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock worth $3,338,000 after acquiring an additional 1,720 shares during the period. Finally, Cookson Peirce & Co. Inc. acquired a new position in Walmart during the fourth quarter worth $259,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.24, for a total transaction of $380,960.00. Following the completion of the sale, the executive vice president owned 1,060,455 shares in the company, valued at $100,997,734.20. This trade represents a 0.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total value of $216,568.00. Following the sale, the executive vice president owned 628,318 shares of the company’s stock, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,710,319 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $98.29 on Friday. The company has a market cap of $784.40 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 4.70 and a beta of 0.68. 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 Inc. has a 12 month low of $66.67 and a 12 month high of $105.30. The stock’s 50-day moving average is $97.07 and its 200-day moving average is $94.33.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data 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 net margin of 2.75% and a return on equity of 21.76%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid 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 dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMT. Raymond James Financial lowered their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. KeyCorp upped their target price on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Evercore ISI upped their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Tigress Financial upped their target price on Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Walmart in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $106.67.

Check Out Our Latest Analysis on WMT

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.

See Also

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