Clare Market Investments LLC Sells 803 Shares of Walmart Inc. (NYSE:WMT)

Clare Market Investments LLC cut its stake in Walmart Inc. (NYSE:WMT) by 6.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,541 shares of the retailer’s stock after selling 803 shares during the quarter. Clare Market Investments LLC’s holdings in Walmart were worth $1,013,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of WMT. Tallon Kerry Patrick bought a new position in Walmart during the fourth quarter worth about $252,000. LaFleur & Godfrey LLC increased its position in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock worth $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC increased its position in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock worth $349,000 after acquiring an additional 321 shares during the period. Brighton Jones LLC increased its position in Walmart by 28.8% during the fourth quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock worth $8,868,000 after acquiring an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new position in Walmart during the fourth quarter worth about $10,645,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 0.6%

NYSE:WMT opened at $99.39 on Thursday. The firm’s 50 day simple moving average is $94.33 and its 200 day simple moving average is $93.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $65.64 and a one year high of $105.30. The company has a market cap of $795.21 billion, a PE ratio of 41.24, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its 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 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the company earned $0.60 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were issued 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 payout ratio is 40.17%.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $99.00, for a total transaction of $217,800.00. Following the transaction, the executive vice president now owns 630,518 shares of the company’s stock, valued at approximately $62,421,282. The trade was a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 137,534 shares of company stock worth $12,833,664. 45.58% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. DA Davidson reiterated a “buy” rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Finally, UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.16.

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.