1900 Wealth Management LLC Has $856,000 Stock Position in Walmart Inc. (NYSE:WMT)

1900 Wealth Management LLC decreased its position in Walmart Inc. (NYSE:WMT) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,747 shares of the retailer’s stock after selling 192 shares during the period. 1900 Wealth Management LLC’s holdings in Walmart were worth $856,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick bought a new stake in shares of Walmart in the 4th quarter valued at approximately $252,000. LaFleur & Godfrey LLC grew its stake in shares of Walmart by 1.4% in the 4th quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after purchasing an additional 992 shares during the period. Eagle Capital Management LLC grew its stake in shares of Walmart by 9.1% in the 4th quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after purchasing an additional 321 shares during the period. Brighton Jones LLC grew its stake in shares of Walmart by 28.8% in the 4th quarter. Brighton Jones LLC now owns 98,150 shares of the retailer’s stock valued at $8,868,000 after purchasing an additional 21,939 shares during the period. Finally, Union Bancaire Privee UBP SA bought a new stake in shares of Walmart in the 4th quarter valued at approximately $10,645,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company’s stock, valued at $49,332,475.50. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 137,534 shares of company stock worth $12,833,664 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on WMT shares. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $103.00 price objective (up from $102.00) on shares of Walmart in a research note on Monday, June 9th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Truist Financial increased their price target on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Price Performance

WMT stock opened at $94.20 on Monday. The stock has a 50-day moving average price of $95.79 and a two-hundred day moving average price of $94.09. The stock has a market cap of $751.76 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 $66.41 and a 1 year high of $105.30.

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

Walmart Announces Dividend

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

Walmart Profile

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.