Opal Wealth Advisors LLC Has $570,000 Position in Walmart Inc. (NYSE:WMT)

Opal Wealth Advisors LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 17.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,488 shares of the retailer’s stock after selling 1,367 shares during the period. Opal Wealth Advisors LLC’s holdings in Walmart were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WMT. Tallon Kerry Patrick acquired a new stake in Walmart during the fourth quarter worth $252,000. LaFleur & Godfrey LLC boosted its stake in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after buying an additional 992 shares in the last quarter. Eagle Capital Management LLC lifted its holdings in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after acquiring an additional 321 shares during the period. Brighton Jones LLC lifted its holdings in shares of Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after acquiring an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in shares of Walmart during the fourth quarter valued at $10,645,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $94.20 on Friday. The firm has a market capitalization of $751.76 billion, a P/E ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1 year low of $66.30 and a 1 year high of $105.30. The business has a 50-day moving average of $95.79 and a 200-day moving average of $94.06. 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 earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 EPS. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total value of $217,800.00. Following the completion of the transaction, the executive vice president now directly owns 630,518 shares in the company, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, March 27th. The shares were 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 of the company’s stock, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WMT. Raymond James cut their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. KeyCorp lifted their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, June 9th. Evercore ISI lifted their price objective on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, DZ Bank raised 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. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.50.

About Walmart

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.