Dividend Assets Capital LLC Has $4.36 Million Position in Walmart Inc. (NYSE:WMT)

Dividend Assets Capital LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 48,304 shares of the retailer’s stock after selling 630 shares during the quarter. Dividend Assets Capital LLC’s holdings in Walmart were worth $4,364,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SC&H Financial Advisors Inc. increased its stake in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC grew its stake in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares in the last quarter. Scarborough Advisors LLC increased its position in Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares during the last quarter. Dakota Community Bank & Trust NA raised its stake in shares of Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. lifted its holdings in shares of Walmart by 2.6% during the 4th quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer’s stock valued at $394,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd. TD Cowen upped their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada cut their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $102.43.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 176,777 shares of company stock worth $16,570,112. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 2.6 %

Walmart stock opened at $94.70 on Friday. The business has a 50 day moving average price of $95.63 and a two-hundred day moving average price of $86.44. 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 Inc. has a 12 month low of $57.77 and a 12 month high of $105.30. The stock has a market cap of $760.77 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates 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 forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 34.44%.

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.