MV Capital Management Inc. Decreases Holdings in Walmart Inc. (NYSE:WMT)

MV Capital Management Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 0.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,968 shares of the retailer’s stock after selling 176 shares during the period. MV Capital Management Inc.’s holdings in Walmart were worth $5,237,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in WMT. Allianz SE purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $14,879,000. Tucker Asset Management LLC boosted its position in Walmart by 88.2% during the 4th quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer’s stock valued at $115,000 after buying an additional 596 shares during the period. Prime Capital Investment Advisors LLC grew its holdings in Walmart by 0.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 560,069 shares of the retailer’s stock worth $50,602,000 after acquiring an additional 1,895 shares during the last quarter. WealthTrak Capital Management LLC purchased a new position in shares of Walmart in the fourth quarter valued at about $53,000. Finally, Intrust Bank NA raised its stake in shares of Walmart by 3.7% during the fourth quarter. Intrust Bank NA now owns 44,843 shares of the retailer’s stock valued at $4,052,000 after acquiring an additional 1,606 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,528 shares of company stock worth $14,096,140. 45.58% of the stock is owned by insiders.

Walmart Stock Down 0.6 %

WMT stock opened at $85.08 on Friday. The stock has a market capitalization of $682.04 billion, a P/E ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53. 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 Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The business has a fifty day moving average price of $94.62 and a 200-day moving average price of $89.25.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during 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%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given 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 1.10%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analysts Set New Price Targets

WMT has been the topic of several recent analyst reports. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Robert W. Baird raised their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

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.