Independent Solutions Wealth Management LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

Independent Solutions Wealth Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 3.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,589 shares of the retailer’s stock after selling 742 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Walmart were worth $1,648,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Berkshire Money Management Inc. purchased a new position in shares of Walmart during the first quarter worth about $260,000. Slocum Gordon & Co LLP grew its holdings in shares of Walmart by 1.9% during the first quarter. Slocum Gordon & Co LLP now owns 12,094 shares of the retailer’s stock worth $1,062,000 after purchasing an additional 220 shares during the last quarter. S.A. Mason LLC grew its holdings in shares of Walmart by 2.6% during the first quarter. S.A. Mason LLC now owns 13,181 shares of the retailer’s stock worth $1,157,000 after purchasing an additional 339 shares during the last quarter. Mattern Wealth Management LLC grew its holdings in shares of Walmart by 5.4% during the first quarter. Mattern Wealth Management LLC now owns 51,326 shares of the retailer’s stock worth $4,506,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Global Assets Advisory LLC grew its holdings in shares of Walmart by 200.7% during the first quarter. Global Assets Advisory LLC now owns 40,936 shares of the retailer’s stock worth $3,551,000 after purchasing an additional 27,321 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $97.24 on Thursday. The firm has a 50 day moving average of $96.65 and a 200-day moving average of $94.20. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. The company has a market cap of $776.02 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 4.78 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.75% and a return on equity of 21.76%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the firm earned $0.60 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business 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 was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s payout ratio is 40.17%.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $95.85, for a total transaction of $1,258,031.25. Following the completion of the transaction, the executive vice president now directly owns 945,434 shares in the company, valued at $90,619,848.90. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $93.50, for a total value of $374,000.00. Following the transaction, the executive vice president now owns 1,096,455 shares of the company’s stock, valued at $102,518,542.50. This represents a 0.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 123,295 shares of company stock worth $11,801,762. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WMT. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $103.00 price objective (up previously from $102.00) on shares of Walmart in a report on Monday, June 9th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. KeyCorp upped their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Finally, UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $106.50.

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.