ETF Store Inc. Has $374,000 Holdings in Walmart Inc. (NYSE:WMT)

ETF Store Inc. cut its position in Walmart Inc. (NYSE:WMT) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,144 shares of the retailer’s stock after selling 453 shares during the quarter. ETF Store Inc.’s holdings in Walmart were worth $374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Swedbank AB grew its position in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares during the last quarter. Principal Financial Group Inc. grew its position in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Versor Investments LP acquired a new stake in Walmart in the 3rd quarter worth $231,000. MQS Management LLC acquired a new stake in Walmart in the 3rd quarter worth $492,000. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in Walmart in the 3rd quarter worth $18,692,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WMT. Sanford C. Bernstein raised their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Buy” and an average target price of $103.20.

Walmart Trading Down 1.0 %

Shares of NYSE WMT opened at $84.36 on Friday. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market cap of $677.67 billion, a PE ratio of 35.00, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $95.85 and a two-hundred day moving average of $88.56.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $178.83 billion. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Company 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.