Walmart Inc. (NYSE:WMT) Shares Sold by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,179 shares of the retailer’s stock after selling 172 shares during the period. One Charles Private Wealth Services LLC’s holdings in Walmart were worth $829,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in WMT. Gutierrez Wealth Advisory LLC purchased a new stake in shares of Walmart in the fourth quarter worth about $3,420,000. Truepoint Inc. acquired a new position in Walmart during the 4th quarter worth approximately $271,000. Ballast Advisors LLC boosted its holdings in Walmart by 3.8% in the 4th quarter. Ballast Advisors LLC now owns 6,746 shares of the retailer’s stock worth $610,000 after acquiring an additional 250 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Walmart by 1.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 141,836 shares of the retailer’s stock valued at $12,815,000 after acquiring an additional 2,389 shares in the last quarter. Finally, Holderness Investments Co. raised its stake in shares of Walmart by 0.4% during the fourth quarter. Holderness Investments Co. now owns 39,125 shares of the retailer’s stock valued at $3,535,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. UBS Group reissued a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Tigress Financial lifted their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Royal Bank of Canada reduced their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, February 21st. Finally, Evercore ISI dropped their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock worth $18,001,116 in the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Shares of Walmart stock opened at $85.78 on Friday. Walmart Inc. has a 52 week low of $58.56 and a 52 week 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. The stock has a market cap of $687.70 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company’s 50-day moving average price is $95.34 and its two-hundred day moving average price is $88.89.

Walmart (NYSE:WMT) last released its 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. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate 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 anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

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.