Dividend Assets Capital LLC Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Dividend Assets Capital LLC reduced its stake in Walmart Inc. (NYSE:WMT) by 9.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 43,850 shares of the retailer’s stock after selling 4,454 shares during the period. Dividend Assets Capital LLC’s holdings in Walmart were worth $3,850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Parsons Capital Management Inc. RI raised its holdings in Walmart by 1.0% in the 1st quarter. Parsons Capital Management Inc. RI now owns 41,516 shares of the retailer’s stock valued at $3,645,000 after buying an additional 391 shares during the period. Walker Asset Management LLC raised its holdings in Walmart by 0.3% in the 1st quarter. Walker Asset Management LLC now owns 129,346 shares of the retailer’s stock valued at $11,355,000 after buying an additional 398 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in Walmart by 9.4% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 101,053 shares of the retailer’s stock valued at $8,892,000 after buying an additional 8,700 shares during the period. Crescent Sterling Ltd. raised its holdings in Walmart by 47.9% in the 1st quarter. Crescent Sterling Ltd. now owns 16,775 shares of the retailer’s stock valued at $1,473,000 after buying an additional 5,434 shares during the period. Finally, MADDEN SECURITIES Corp raised its holdings in Walmart by 0.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 48,096 shares of the retailer’s stock valued at $4,222,000 after buying an additional 250 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WMT shares. Truist Financial boosted their price target on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Evercore ISI boosted their price target on shares of Walmart from $105.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. DA Davidson reiterated a “buy” rating and set a $117.00 price target on shares of Walmart in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.68.

Walmart Price Performance

WMT stock opened at $97.45 on Tuesday. The company has a market capitalization of $779.66 billion, a P/E ratio of 40.43, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $65.90 and a twelve month high of $105.30. The business has a 50 day simple moving average of $94.86 and a 200-day simple moving average of $93.97. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 over the last 90 days. 45.58% of the stock is currently owned by insiders.

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.