Walmart Inc. (NYSE:WMT) Shares Sold by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 0.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 124,179 shares of the retailer’s stock after selling 238 shares during the quarter. Walmart comprises 1.5% of Ascent Wealth Partners LLC’s portfolio, making the stock its 14th largest position. Ascent Wealth Partners LLC’s holdings in Walmart were worth $11,220,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brophy Wealth Management LLC acquired a new position in Walmart during the third quarter worth approximately $2,072,000. Bank of New Hampshire increased its position in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank increased its position in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC increased its position in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Walmart during the third quarter worth approximately $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research reports. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Sanford C. Bernstein boosted their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Truist Financial boosted their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research note on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.43.

Walmart Trading Down 2.6 %

Walmart stock opened at $94.70 on Friday. The company has a market cap of $760.77 billion, a P/E ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55. The firm’s 50-day moving average is $95.63 and its 200-day moving average is $86.57. Walmart Inc. has a 1 year low of $57.77 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. 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 disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart’s dividend payout ratio is currently 34.44%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 176,777 shares of company stock valued at $16,570,112 in the last quarter. Insiders own 45.58% of the company’s stock.

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.