Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Notis McConarty Edward

Notis McConarty Edward lessened its position in Walmart Inc. (NYSE:WMT) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,030 shares of the retailer’s stock after selling 170 shares during the period. Notis McConarty Edward’s holdings in Walmart were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on WMT shares. Robert W. Baird increased their price objective on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Guggenheim reiterated a “buy” rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Finally, UBS Group restated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Walmart Price Performance

Shares of WMT stock opened at $83.09 on Friday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a market capitalization of $666.12 billion, a P/E ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69. The stock has a 50 day moving average of $94.01 and a two-hundred day moving average of $89.52. 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 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. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by corporate 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.