Family Firm Inc. Sells 504 Shares of Walmart Inc. (NYSE:WMT)

Family Firm Inc. trimmed its stake in Walmart Inc. (NYSE:WMT) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,214 shares of the retailer’s stock after selling 504 shares during the period. Family Firm Inc.’s holdings in Walmart were worth $290,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Swedbank AB boosted its stake in Walmart by 0.4% in the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after buying an additional 18,644 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares in the last quarter. Versor Investments LP purchased a new stake in Walmart in the third quarter worth approximately $231,000. Curi RMB Capital LLC boosted its stake in Walmart by 43.2% in the third quarter. Curi RMB Capital LLC now owns 24,450 shares of the retailer’s stock worth $1,974,000 after buying an additional 7,381 shares in the last quarter. Finally, Balboa Wealth Partners boosted its stake in Walmart by 4.4% in the third quarter. Balboa Wealth Partners now owns 8,639 shares of the retailer’s stock worth $698,000 after buying an additional 363 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WMT. Roth Mkm reissued a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday, February 28th. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Truist Financial increased their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of “Buy” and a consensus price target of $103.20.

Walmart Price Performance

NYSE WMT opened at $85.29 on Friday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The stock has a 50-day moving average of $95.74 and a 200 day moving average of $88.62. The company has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. 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 data 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 return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was 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 $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by corporate 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.