Walmart Inc. (NYSE:WMT) Shares Sold by Altman Advisors Inc.

Altman Advisors Inc. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,428 shares of the retailer’s stock after selling 409 shares during the period. Walmart makes up approximately 1.6% of Altman Advisors Inc.’s portfolio, making the stock its 14th largest position. Altman Advisors Inc.’s holdings in Walmart were worth $3,640,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Eagle Capital Management LLC boosted its position in shares of Walmart by 9.1% during the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC boosted its position in shares of Walmart by 28.8% during the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after purchasing an additional 21,939 shares during the period. Revolve Wealth Partners LLC boosted its position in shares of Walmart by 5.8% during the 4th quarter. Revolve Wealth Partners LLC now owns 8,849 shares of the retailer’s stock worth $800,000 after purchasing an additional 485 shares during the period. Highview Capital Management LLC DE boosted its position in shares of Walmart by 4.9% during the 4th quarter. Highview Capital Management LLC DE now owns 36,945 shares of the retailer’s stock worth $3,338,000 after purchasing an additional 1,720 shares during the period. Finally, Madison Investment Advisors LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $242,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $95.42 on Wednesday. The company’s fifty day moving average price is $96.97 and its 200 day moving average price is $94.55. Walmart Inc. has a 12 month low of $66.67 and a 12 month 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 $761.49 billion, a P/E ratio of 40.78, a P/E/G ratio of 4.61 and a beta of 0.68.

Walmart (NYSE:WMT) last announced its quarterly 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 net margin of 2.75% and a return on equity of 21.76%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same period last year, the business earned $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Truist Financial raised 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. Finally, UBS Group decreased their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.67.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Friday, June 20th. The shares were sold at an average price of $95.85, for a total value of $1,258,031.25. Following the transaction, the executive vice president directly owned 945,434 shares in the company, valued at approximately $90,619,848.90. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the executive vice president owned 650,977 shares in the company, valued at approximately $61,693,090.29. This represents a 0.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 140,951 shares of company stock worth $13,543,436 over the last three months. Company insiders own 45.58% of the company’s stock.

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.