Walmart Inc. (NYSE:WMT) Shares Sold by Sfmg LLC

Sfmg LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,700 shares of the retailer’s stock after selling 2,977 shares during the period. Walmart comprises 0.8% of Sfmg LLC’s portfolio, making the stock its 17th largest position. Sfmg LLC’s holdings in Walmart were worth $10,363,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brophy Wealth Management LLC bought a new stake in shares of Walmart in the 3rd quarter worth approximately $2,072,000. Candriam S.C.A. boosted its position in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Bank of New Hampshire boosted its position in Walmart by 13.7% during the 4th 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 during the period. Modera Wealth Management LLC boosted its position in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after acquiring an additional 9,292 shares during the period. Finally, Iowa State Bank boosted its position in Walmart by 213.8% during the 4th 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 during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Piper Sandler boosted their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,777 shares of company stock worth $18,001,116 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Up 0.1 %

NYSE:WMT opened at $85.94 on Friday. The firm has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. 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 business’s fifty day moving average price is $95.19 and its 200 day moving average price is $88.95.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. 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 1.09%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

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.