Walmart Inc. (NYSE:WMT) Shares Sold by Family Investment Center Inc.

Family Investment Center Inc. lessened its stake in Walmart Inc. (NYSE:WMT) by 12.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,723 shares of the retailer’s stock after selling 690 shares during the period. Family Investment Center Inc.’s holdings in Walmart were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in Walmart in the first quarter valued at $35,000. Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at $37,000. Mizuho Bank Ltd. acquired a new position in Walmart in the fourth quarter valued at $41,000. Finally, Nexus Investment Management ULC acquired a new position in Walmart in the first quarter valued at $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $93.50, for a total transaction of $374,000.00. Following the sale, the executive vice president now owns 1,096,455 shares in the company, valued at approximately $102,518,542.50. This trade represents a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,711 shares of company stock worth $13,688,803 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Evercore ISI upped their target price on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Walmart in a report on Friday, May 16th. Finally, Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Trading Up 1.4%

Shares of WMT opened at $97.41 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The firm’s 50-day moving average is $96.80 and its two-hundred day moving average is $94.24. Walmart Inc. has a twelve month low of $66.67 and a twelve month high of $105.30. The firm has a market capitalization of $777.37 billion, a P/E ratio of 41.63, a PEG ratio of 4.69 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period in the prior year, the business posted $0.60 earnings per share. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, 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 declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is presently 40.17%.

Walmart Company 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.