LRI Investments LLC Sells 1,339 Shares of Walmart Inc. (NYSE:WMT)

LRI Investments LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,815 shares of the retailer’s stock after selling 1,339 shares during the period. LRI Investments LLC’s holdings in Walmart were worth $2,266,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Horizon Financial Services LLC lifted 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 worth $26,000 after acquiring an additional 262 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in Walmart during the first quarter valued at about $35,000. Mizuho Bank Ltd. bought a new position in shares of Walmart during the fourth quarter valued at about $41,000. Nexus Investment Management ULC bought a new position in shares of Walmart during the first quarter valued at about $49,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of Walmart during the fourth quarter valued at about $53,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $98.44, for a total value of $216,568.00. Following the completion of the sale, the executive vice president owned 628,318 shares in the company, valued at approximately $61,851,623.92. This represents a 0.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $95.24, for a total value of $380,960.00. Following the completion of the sale, the executive vice president owned 1,060,455 shares of the company’s stock, valued at $100,997,734.20. The trade was a 0.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 142,711 shares of company stock worth $13,710,319 in the last three months. 45.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Stifel Nicolaus dropped their price target on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Citigroup restated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $106.67.

Walmart Trading Down 0.5%

NYSE:WMT opened at $94.36 on Friday. Walmart Inc. has a one year low of $66.67 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The firm has a market capitalization of $753.03 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 4.54 and a beta of 0.68. The business has a fifty day moving average price of $97.10 and a 200-day moving average price of $94.51.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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