Fairscale Capital LLC Sells 690 Shares of Walmart Inc. (NYSE:WMT)

Fairscale Capital LLC cut its stake in Walmart Inc. (NYSE:WMT) by 24.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,122 shares of the retailer’s stock after selling 690 shares during the quarter. Fairscale Capital LLC’s holdings in Walmart were worth $192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter worth about $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the fourth quarter worth $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on 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 transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock valued at $17,657,316 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WMT. Royal Bank of Canada dropped their target price on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Sanford C. Bernstein boosted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Performance

Shares of NYSE WMT opened at $91.68 on Monday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm has a market capitalization of $736.46 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average of $96.19 and a 200 day moving average of $88.44.

Walmart (NYSE:WMT) last issued 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

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.