McKinley Carter Wealth Services Inc. Has $1.29 Million Position in Walmart Inc. (NYSE:WMT)

McKinley Carter Wealth Services Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 7.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,707 shares of the retailer’s stock after selling 1,254 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in Walmart were worth $1,291,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Walmart in the 4th quarter valued at $5,737,355,000. Raymond James Financial Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $2,306,627,000. GAMMA Investing LLC lifted its stake in shares of Walmart by 9,896.9% in the 1st quarter. GAMMA Investing LLC now owns 7,939,728 shares of the retailer’s stock valued at $697,029,000 after purchasing an additional 7,860,306 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 28,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the transaction, the executive vice president now directly owns 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the company’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 in the company, valued at $62,421,282. The trade was a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 137,534 shares of company stock worth $12,833,664 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Evercore ISI lifted their price objective on shares of Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. UBS Group reduced their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Finally, Roth Mkm reissued a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Stock Performance

NYSE WMT opened at $95.70 on Thursday. The stock has a market cap of $765.70 billion, a P/E ratio of 39.71, a PEG ratio of 4.42 and a beta of 0.69. The company’s 50-day simple moving average is $95.31 and its 200 day simple moving average is $94.01. Walmart Inc. has a twelve month low of $65.90 and a twelve month high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings results 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 net margin of 2.85% and a return on equity of 21.87%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. As a group, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared 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 dividend payout ratio (DPR) is presently 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.