Neville Rodie & Shaw Inc. Sells 3,010 Shares of Walmart Inc. (NYSE:WMT)

Neville Rodie & Shaw Inc. lessened its stake in Walmart Inc. (NYSE:WMT) by 15.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,839 shares of the retailer’s stock after selling 3,010 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in Walmart were worth $1,479,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC increased its position in shares of 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 acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new stake in Walmart in the fourth quarter worth $37,000. Finally, Mizuho Bank Ltd. purchased a new stake in Walmart in the fourth quarter worth $41,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT opened at $97.23 on Thursday. The firm has a market capitalization of $777.93 billion, a price-to-earnings ratio of 40.34, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52-week low of $64.16 and a 52-week high of $105.30. The stock has a fifty day moving average of $93.00 and a 200 day moving average of $93.17. 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 (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the sale, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,334 shares of company stock valued at $12,615,864. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WMT. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. KeyCorp raised their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Stifel Nicolaus decreased their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.94.

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.