Nwam LLC Sells 1,051 Shares of Walmart Inc. (NYSE:WMT)

Nwam LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,657 shares of the retailer’s stock after selling 1,051 shares during the quarter. Nwam LLC’s holdings in Walmart were worth $1,957,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the third quarter valued at approximately $2,072,000. Bank of New Hampshire boosted its holdings in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank boosted its holdings in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Walmart in the third quarter worth $541,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a report on Monday. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Stock Up 0.7 %

NYSE WMT opened at $96.88 on Friday. The stock’s 50-day moving average price is $95.77 and its 200-day moving average price is $87.23. 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 52 week low of $58.20 and a 52 week high of $105.30. The company has a market capitalization of $778.23 billion, a P/E ratio of 40.20, 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, equities research analysts predict 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. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 0.97%. 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 other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,528 shares of company stock worth $13,849,185 in the last quarter. 45.58% of the stock is owned by corporate insiders.

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.