Motive Wealth Advisors Has $400,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Motive Wealth Advisors trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 6.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,554 shares of the retailer’s stock after selling 295 shares during the quarter. Motive Wealth Advisors’ holdings in Walmart were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Grant Private Wealth Management Inc raised its position in shares of Walmart by 14.0% during the first quarter. Grant Private Wealth Management Inc now owns 6,111 shares of the retailer’s stock worth $536,000 after acquiring an additional 749 shares during the last quarter. Lakeridge Wealth Management LLC increased its holdings in shares of Walmart by 2.3% during the first quarter. Lakeridge Wealth Management LLC now owns 8,187 shares of the retailer’s stock valued at $719,000 after acquiring an additional 187 shares in the last quarter. Dover Advisors LLC boosted its position in shares of Walmart by 48.8% during the first quarter. Dover Advisors LLC now owns 7,401 shares of the retailer’s stock valued at $651,000 after buying an additional 2,427 shares during the last quarter. Everpar Advisors LLC boosted its position in shares of Walmart by 0.7% during the first quarter. Everpar Advisors LLC now owns 20,141 shares of the retailer’s stock valued at $1,768,000 after buying an additional 131 shares during the last quarter. Finally, Hoey Investments Inc. boosted its position in shares of Walmart by 14.7% during the first quarter. Hoey Investments Inc. now owns 60,570 shares of the retailer’s stock valued at $5,317,000 after buying an additional 7,741 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the sale, the executive vice president now owns 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at $429,896,799.42. The trade was a 0.65% 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 valued at $12,833,664. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.7%

WMT opened at $94.20 on Friday. The stock has a market cap of $751.76 billion, a PE ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $95.79 and a 200-day moving average of $94.08. Walmart Inc. has a 52 week low of $66.41 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced 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 business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 earnings per share. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued 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 payout ratio is 40.17%.

Analyst Ratings Changes

Several research analysts have weighed in on WMT shares. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Royal Bank of Canada reissued an “outperform” rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Robert W. Baird upped their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Mizuho upped their target price on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, June 9th. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

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.