Walmart Inc. (NYSE:WMT) Stock Holdings Reduced by CRA Financial Services LLC

CRA Financial Services LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,121 shares of the retailer’s stock after selling 186 shares during the quarter. CRA Financial Services LLC’s holdings in Walmart were worth $1,327,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in WMT. World Investment Advisors lifted its position in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Candriam S.C.A. lifted its position in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares during the last quarter. Modera Wealth Management LLC lifted its position in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares during the last quarter. Cushing Capital Partners LLC acquired a new position in shares of Walmart during the 4th quarter worth about $1,124,000. Finally, Campbell Wealth Management acquired a new position in shares of Walmart during the 4th quarter worth about $359,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.7%

Shares of WMT opened at $94.20 on Friday. The firm has a market capitalization of $751.76 billion, a price-to-earnings ratio of 39.09, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The business’s fifty day moving average price is $95.79 and its two-hundred day moving average price is $94.06. Walmart Inc. has a 52 week low of $66.30 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 40.17%.

Analysts Set New Price Targets

WMT has been the subject of several research analyst reports. Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Evercore ISI upped their price target on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Finally, Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction 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 in the company, valued at $62,421,282. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,534 shares of company stock worth $12,833,664. 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.