Long Run Wealth Advisors LLC Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Long Run Wealth Advisors LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 1.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,014 shares of the retailer’s stock after selling 114 shares during the period. Long Run Wealth Advisors LLC’s holdings in Walmart were worth $528,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC boosted 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 buying an additional 262 shares during the period. Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter valued at about $37,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the fourth quarter valued at about $41,000. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Walmart by 40.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock worth $47,000 after buying an additional 150 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Wednesday, May 21st. Finally, Evercore ISI reduced their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.94.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer now owns 4,451,199 shares of the company’s stock, valued at $429,896,799.42. This trade represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president now owns 1,064,455 shares in the company, valued at approximately $103,252,135. This trade represents a 2.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,334 shares of company stock valued at $12,615,864. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $100.01 on Wednesday. The business has a fifty day moving average price of $94.05 and a 200-day moving average price of $93.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $800.19 billion, a PE ratio of 41.50, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1-year low of $65.64 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced 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. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.60 EPS. As a group, equities analysts expect that Walmart Inc. will post 2.55 EPS 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%.

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.