Roberts Glore & Co. Inc. IL Sells 1,960 Shares of Walmart Inc. (NYSE:WMT)

Roberts Glore & Co. Inc. IL decreased its stake in Walmart Inc. (NYSE:WMT) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,189 shares of the retailer’s stock after selling 1,960 shares during the period. Walmart comprises about 1.1% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 18th biggest position. Roberts Glore & Co. Inc. IL’s holdings in Walmart were worth $3,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in WMT. Miramar Capital LLC bought a new position in shares of Walmart during the 4th quarter valued at $221,000. Argentarii LLC bought a new position in shares of Walmart during the 4th quarter valued at $3,524,000. Jackson Hole Capital Partners LLC grew its holdings in shares of Walmart by 0.6% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 86,375 shares of the retailer’s stock valued at $7,804,000 after purchasing an additional 509 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Walmart during the 4th quarter valued at $59,754,000. Finally, Kendall Capital Management grew its holdings in shares of Walmart by 15.7% during the 4th quarter. Kendall Capital Management now owns 4,149 shares of the retailer’s stock valued at $375,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Trading Down 3.1 %

Shares of NYSE WMT opened at $91.68 on Friday. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The stock has a market cap of $736.46 billion, a P/E ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a 50-day moving average of $96.19 and a 200 day moving average of $88.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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. 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. As a group, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,777 shares of company stock worth $17,657,316. 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.