ORBA Wealth Advisors L.L.C. Sells 510 Shares of Walmart Inc. (NYSE:WMT)

ORBA Wealth Advisors L.L.C. lessened its holdings in Walmart Inc. (NYSE:WMT) by 12.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,756 shares of the retailer’s stock after selling 510 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in Walmart were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Sabal Trust CO grew its holdings in shares of Walmart by 7.5% during the 4th quarter. Sabal Trust CO now owns 9,745 shares of the retailer’s stock valued at $880,000 after purchasing an additional 682 shares during the last quarter. National Pension Service grew its stake in shares of Walmart by 1.1% during the fourth quarter. National Pension Service now owns 8,883,034 shares of the retailer’s stock worth $802,582,000 after buying an additional 99,456 shares during the last quarter. Sitrin Capital Management LLC increased its holdings in shares of Walmart by 0.9% during the fourth quarter. Sitrin Capital Management LLC now owns 112,134 shares of the retailer’s stock worth $10,154,000 after buying an additional 948 shares in the last quarter. Advisor OS LLC boosted its holdings in shares of Walmart by 2.1% during the 4th quarter. Advisor OS LLC now owns 31,703 shares of the retailer’s stock valued at $2,864,000 after acquiring an additional 662 shares in the last quarter. Finally, Denali Advisors LLC boosted its holdings in shares of Walmart by 7.0% during the 4th quarter. Denali Advisors LLC now owns 105,309 shares of the retailer’s stock valued at $9,515,000 after acquiring an additional 6,906 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMT shares. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Truist Financial lifted their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 target price on shares of Walmart in a research report on Friday, February 21st. Finally, Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Stock Performance

Shares of WMT opened at $97.81 on Wednesday. The stock has a 50 day moving average of $95.65 and a 200 day moving average of $87.10. The company has a market capitalization of $785.78 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $58.18 and a 12 month high of $105.30. 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 (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. Walmart’s payout ratio is currently 39.00%.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now owns 348,357 shares of the company’s stock, valued at $32,891,867.94. The trade was a 4.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,528 shares of company stock valued at $13,849,185. 45.58% of the stock is owned by company insiders.

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.