Westover Capital Advisors LLC Has $3.74 Million Position in Walmart Inc. (NYSE:WMT)

Westover Capital Advisors LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,401 shares of the retailer’s stock after selling 1,285 shares during the period. Walmart makes up about 0.8% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Westover Capital Advisors LLC’s holdings in Walmart were worth $3,741,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter worth $25,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the third quarter worth $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter worth $32,000. Finally, Hara Capital LLC bought a new position in shares of Walmart during the third quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WMT. Morgan Stanley restated an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Evercore ISI raised their price objective on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Jefferies Financial Group raised their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Bank of America raised their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $103.07.

Walmart Stock Performance

Shares of WMT stock opened at $97.49 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $783.17 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $58.40 and a 52 week high of $105.30. The company has a 50-day simple moving average of $96.04 and a 200 day simple moving average of $87.88.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during 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%. On average, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 in the last quarter. Company insiders own 45.58% of the company’s stock.

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.