McIlrath & Eck LLC Sells 1,083 Shares of Walmart Inc. (NYSE:WMT)

McIlrath & Eck LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 23.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,582 shares of the retailer’s stock after selling 1,083 shares during the period. McIlrath & Eck LLC’s holdings in Walmart were worth $324,000 at the end of the most recent quarter.

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

Walmart Price Performance

WMT opened at $97.81 on Wednesday. The firm has a market capitalization of $782.57 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The business’s 50-day moving average is $91.72 and its two-hundred day moving average is $92.70. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued 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 firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Oppenheimer lifted their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Two investment 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,778 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $93.77, for a total transaction of $166,723.06. Following the transaction, the executive vice president now directly owns 652,737 shares of the company’s stock, valued at approximately $61,207,148.49. This trade represents a 0.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 134,035 shares of company stock worth $12,445,082 in the last 90 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.