JCIC Asset Management Inc. Has $3.94 Million Stock Position in Walmart Inc. (NYSE:WMT)

JCIC Asset Management Inc. lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,873 shares of the retailer’s stock after selling 393 shares during the period. Walmart makes up about 1.6% of JCIC Asset Management Inc.’s holdings, making the stock its 19th biggest position. JCIC Asset Management Inc.’s holdings in Walmart were worth $3,939,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. Horizon Financial Services LLC grew its stake 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. EQ Wealth Advisors LLC acquired a new stake in Walmart in the first quarter valued at approximately $35,000. Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. acquired a new stake in Walmart in the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC purchased a new position in shares of Walmart during the first quarter valued at approximately $49,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the transaction, the executive vice president now directly owns 1,096,455 shares in the company, valued at approximately $102,518,542.50. This represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction dated 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 owns 630,518 shares of the company’s stock, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 123,295 shares of company stock worth $11,801,762 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Walmart stock opened at $97.24 on Thursday. Walmart Inc. has a 52 week low of $66.67 and a 52 week high of $105.30. The business has a 50-day simple moving average of $96.65 and a 200 day simple moving average of $94.20. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. The stock 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 earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.76% and a net margin of 2.75%. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Monday, June 9th. Truist Financial lifted their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Mizuho lifted their price target on Walmart from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target 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.