Walmart Inc. (NYSE:WMT) Shares Sold by Brown Financial Advisors

Brown Financial Advisors decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,309 shares of the retailer’s stock after selling 3,211 shares during the quarter. Brown Financial Advisors’ holdings in Walmart were worth $1,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter worth $32,000. Finally, Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 1.2 %

Shares of Walmart stock opened at $93.64 on Tuesday. The stock’s fifty day moving average is $95.60 and its 200-day moving average is $86.89. The firm has a market capitalization of $752.21 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $58.18 and a 12-month high of $105.30. 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 announced 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.00%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Activity at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 194,377 shares of company stock valued at $18,231,904. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WMT. Sanford C. Bernstein lifted their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Stifel Nicolaus increased their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Evercore ISI raised their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. 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 stock. According to data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.

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.