Significant Wealth Partners LLC Sells 370 Shares of Walmart Inc. (NYSE:WMT)

Significant Wealth Partners LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,357 shares of the retailer’s stock after selling 370 shares during the quarter. Walmart comprises approximately 0.3% of Significant Wealth Partners LLC’s portfolio, making the stock its 17th biggest holding. Significant Wealth Partners LLC’s holdings in Walmart were worth $646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Horizon Financial Services LLC grew its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. EQ Wealth Advisors LLC purchased a new position in Walmart in the first quarter worth $35,000. Mizuho Bank Ltd. purchased a new position in Walmart in the fourth quarter worth $41,000. Nexus Investment Management ULC purchased a new position in Walmart in the first quarter worth $49,000. Finally, WealthTrak Capital Management LLC purchased a new position in Walmart in the fourth quarter worth $53,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 0.1%

Shares of WMT stock opened at $96.95 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.22 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $66.67 and a 12-month high of $105.30. The stock has a market capitalization of $773.70 billion, a P/E ratio of 41.43, a P/E/G ratio of 4.67 and a beta of 0.68. The firm’s 50 day moving average is $97.24 and its 200 day moving average is $94.45.

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, 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 firm had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed 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. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s payout ratio is 40.17%.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Monday, June 16th. The shares were sold at an average price of $94.77, for a total transaction of $166,795.20. Following the transaction, the executive vice president owned 650,977 shares in the company, valued at approximately $61,693,090.29. The trade was a 0.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $98.44, for a total transaction of $216,568.00. Following the transaction, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 142,711 shares of company stock worth $13,710,319. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Walmart in a research report on Tuesday, May 6th. Truist Financial upped their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Tigress Financial upped their price target on shares of Walmart from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Raymond James Financial lowered their price objective on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, KeyCorp increased their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, June 9th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $106.67.

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.