Walmart Inc. (NYSE:WMT) Position Trimmed by Creekmur Asset Management LLC

Creekmur Asset Management LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 33,623 shares of the retailer’s stock after selling 616 shares during the period. Walmart comprises about 0.7% of Creekmur Asset Management LLC’s portfolio, making the stock its 22nd largest holding. Creekmur Asset Management LLC’s holdings in Walmart were worth $3,038,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter valued at about $37,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.0 %

Shares of NYSE WMT opened at $88.70 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $711.10 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm’s 50-day simple moving average is $94.45 and its 200 day simple moving average is $89.51.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,652 shares of company stock worth $16,590,028 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WMT. Roth Mkm restated a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Royal Bank of Canada cut their price target 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. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Finally, Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Walmart Company 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.