International Private Wealth Advisors LLC Sells 980 Shares of Walmart Inc. (NYSE:WMT)

International Private Wealth Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,148 shares of the retailer’s stock after selling 980 shares during the period. International Private Wealth Advisors LLC’s holdings in Walmart were worth $715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Whelan Financial grew its position in Walmart by 2.3% in the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after acquiring an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC grew its holdings in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. increased its position in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC lifted its holdings in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. DA Davidson restated a “buy” rating and set a $117.00 price target on shares of Walmart in a research report on Friday, May 16th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $105.16.

Walmart Trading Down 0.5%

NYSE:WMT opened at $97.46 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1-year low of $65.90 and a 1-year high of $105.30. The firm has a market capitalization of $779.77 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 4.42 and a beta of 0.69. The business’s 50-day moving average price is $94.71 and its two-hundred day moving average price is $93.92.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates 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 posted $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced 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 dividend payout ratio is presently 40.17%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the transaction, the chief executive officer now owns 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 630,518 shares of the company’s stock, valued at $62,421,282. This 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. Company insiders own 45.58% of the company’s stock.

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.