Janney Capital Management LLC Sells 39,880 Shares of Walmart Inc. (NYSE:WMT)

Janney Capital Management LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 20.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 150,874 shares of the retailer’s stock after selling 39,880 shares during the period. Janney Capital Management LLC’s holdings in Walmart were worth $13,245,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. bought a new position in Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter valued at approximately $37,000. Mizuho Bank Ltd. bought a new position in Walmart during the fourth quarter valued at approximately $41,000. Finally, Nexus Investment Management ULC bought a new position in Walmart during the first quarter valued at approximately $49,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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 transaction 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 $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,294 shares of company stock worth $12,656,659. 45.58% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on WMT. Wall Street Zen upgraded shares of Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Raymond James Financial reduced their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. KeyCorp increased their price objective on Walmart from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, June 9th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Two investment 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 stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $106.50.

Walmart Price Performance

Shares of NYSE:WMT opened at $95.10 on Thursday. Walmart Inc. has a 1-year low of $66.55 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.78 and a quick ratio of 0.22. The business has a fifty day moving average price of $96.24 and a 200-day moving average price of $94.11. The company has a market capitalization of $758.95 billion, a PE ratio of 40.64, a PEG ratio of 4.60 and a beta of 0.69.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 return on equity of 21.76% and a net margin of 2.75%. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the company earned $0.60 EPS. Walmart’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued 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%.

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.