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

Octavia Wealth Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 47,233 shares of the retailer’s stock after selling 516 shares during the period. Octavia Wealth Advisors LLC’s holdings in Walmart were worth $4,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the period. Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in Walmart in the fourth quarter valued at $41,000. Finally, Elevation Wealth Partners LLC grew its position in Walmart by 40.0% during the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock worth $47,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at $62,421,282. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial boosted their price objective on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Monday. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $105.16.

Walmart Stock Down 0.5%

Shares of WMT opened at $97.46 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a one year low of $65.90 and a one year high of $105.30. The stock has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69. The stock has a 50 day moving average price of $94.71 and a 200 day moving average price of $93.92.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 company had revenue of $165.61 billion for the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, May 9th. Walmart’s dividend payout ratio is currently 40.17%.

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.