Walmart Inc. (NYSE:WMT) Shares Sold by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. decreased its position in shares of Walmart Inc. (NYSE:WMT) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,143 shares of the retailer’s stock after selling 152 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Walmart were worth $539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC lifted its holdings 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 during the period. Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. acquired a new position in Walmart in the fourth quarter valued at approximately $41,000. Finally, Elevation Wealth Partners LLC lifted its holdings in Walmart by 40.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock valued at $47,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $99.39 on Thursday. The stock has a fifty day simple moving average of $94.33 and a 200-day simple moving average of $93.67. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $795.21 billion, a PE ratio of 41.24, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $65.64 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last issued 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 firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Mizuho initiated coverage on Walmart in a report on Friday, April 11th. They issued an “outperform” rating and a $105.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $117.00 price target on shares of Walmart in a report on Friday, May 16th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Two research 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $105.16.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. The trade was a 0.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,534 shares of company stock worth $12,833,664. Company insiders own 45.58% of the company’s stock.

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.