San Luis Wealth Advisors LLC Sells 3,801 Shares of Walmart Inc. (NYSE:WMT)

San Luis Wealth Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 25.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,122 shares of the retailer’s stock after selling 3,801 shares during the quarter. San Luis Wealth Advisors LLC’s holdings in Walmart were worth $976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter worth 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. Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter worth $37,000. Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter worth $41,000. Finally, Nexus Investment Management ULC bought a new position in Walmart in the 1st quarter valued at $49,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $93.50, for a total transaction of $374,000.00. Following the sale, the executive vice president now owns 1,096,455 shares of the company’s stock, valued at approximately $102,518,542.50. The trade was a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,294 shares of company stock worth $12,656,659. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Guggenheim reissued a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays reiterated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Robert W. Baird raised their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Stock Down 0.1%

Shares of NYSE:WMT opened at $94.24 on Wednesday. The firm has a fifty day moving average price of $96.13 and a two-hundred day moving average price of $94.11. The company has a market cap of $752.04 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 4.60 and a beta of 0.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. Walmart Inc. has a one year low of $66.55 and a one year 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, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the business posted $0.60 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared 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 of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

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.