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

REDW Wealth LLC lowered its position in Walmart Inc. (NYSE:WMT) by 36.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,304 shares of the retailer’s stock after selling 4,164 shares during the period. REDW Wealth LLC’s holdings in Walmart were worth $660,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter valued at about $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter valued at approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMT shares. JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. KeyCorp increased their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Bank of America lifted their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Evercore ISI boosted their price objective on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Trading Down 3.1 %

NYSE WMT opened at $91.68 on Monday. The business’s fifty day moving average is $96.19 and its 200 day moving average is $88.44. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value 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 approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by corporate insiders.

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.