Snider Financial Group Decreases Holdings in Walmart Inc. (NYSE:WMT)

Snider Financial Group decreased its holdings in Walmart Inc. (NYSE:WMT) by 6.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,803 shares of the retailer’s stock after selling 3,878 shares during the period. Walmart makes up about 1.6% of Snider Financial Group’s holdings, making the stock its 17th biggest holding. Snider Financial Group’s holdings in Walmart were worth $5,075,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC boosted its stake in 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 during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter worth $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the fourth quarter valued at $41,000. Finally, Elevation Wealth Partners LLC raised its position in Walmart by 40.0% in the 4th quarter. Elevation Wealth Partners LLC now owns 525 shares of the retailer’s stock worth $47,000 after buying an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WMT shares. Citigroup reiterated a “buy” rating on shares of Walmart in a research note on Tuesday, May 6th. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. UBS Group dropped their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.16.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of the company’s stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the sale, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on 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 approximately $62,421,282. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 137,534 shares of company stock valued at $12,833,664. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 1.5%

WMT opened at $97.82 on Friday. The company has a market capitalization of $782.64 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The firm has a 50-day simple moving average of $94.53 and a two-hundred day simple moving average of $93.76. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $65.64 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is currently 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.