Weik Capital Management Has $8.85 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Weik Capital Management reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,850 shares of the retailer’s stock after selling 1,890 shares during the quarter. Walmart accounts for about 3.6% of Weik Capital Management’s holdings, making the stock its 6th biggest holding. Weik Capital Management’s holdings in Walmart were worth $8,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Walmart by 0.8% in the first quarter. Vanguard Group Inc. now owns 425,961,042 shares of the retailer’s stock valued at $37,395,120,000 after buying an additional 3,224,154 shares during the period. Northern Trust Corp increased its stake in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after buying an additional 3,550,037 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Walmart by 30.1% in the first quarter. Goldman Sachs Group Inc. now owns 33,292,749 shares of the retailer’s stock valued at $2,922,770,000 after buying an additional 7,706,201 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Walmart by 0.8% in the fourth quarter. Nuveen Asset Management LLC now owns 29,843,892 shares of the retailer’s stock valued at $2,696,396,000 after buying an additional 233,040 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Walmart by 2.9% in the first quarter. Invesco Ltd. now owns 29,188,142 shares of the retailer’s stock valued at $2,562,427,000 after buying an additional 823,020 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Thursday. Citigroup reissued a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their price target on Walmart from $112.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Erste Group Bank upgraded Walmart from a “hold” rating to a “buy” rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $107.47.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Monday, July 21st. The stock was sold at an average price of $95.14, for a total transaction of $380,560.00. Following the sale, the executive vice president directly owned 1,056,455 shares in the company, valued at approximately $100,511,128.70. This trade represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Friday, August 1st. The stock was sold at an average price of $98.30, for a total value of $216,260.00. Following the sale, the executive vice president owned 626,118 shares in the company, valued at $61,547,399.40. This trade represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,334 shares of company stock valued at $13,913,350 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Walmart Stock Down 0.9%

Shares of NYSE:WMT opened at $99.96 on Friday. The stock has a market cap of $797.72 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 4.84 and a beta of 0.66. The company has a quick ratio of 0.22, a current ratio of 0.78 and a debt-to-equity ratio of 0.47. Walmart Inc. has a 12-month low of $72.52 and a 12-month high of $105.30. The business’s 50 day moving average is $97.60 and its 200 day moving average is $95.59.

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

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 18th will be issued a dividend of $0.235 per share. This represents a yield of 90.0%. The ex-dividend date is Friday, August 15th. Walmart’s dividend payout ratio (DPR) is 40.17%.

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.