Walmart Inc. (NYSE:WMT) Shares Sold by Brogan Financial Inc.

Brogan Financial Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,061 shares of the retailer’s stock after selling 268 shares during the period. Walmart accounts for about 0.2% of Brogan Financial Inc.’s investment portfolio, making the stock its 29th largest position. Brogan Financial Inc.’s holdings in Walmart were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the 4th quarter valued at $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Roth Mkm reissued a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. UBS Group dropped their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada reduced their price objective on shares of Walmart from $107.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday. Three investment 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 company. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $103.58.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. This trade represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 2.4 %

NYSE WMT opened at $92.81 on Friday. The company has a market capitalization of $744.03 billion, a P/E ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company’s 50 day simple moving average is $92.43 and its 200 day simple moving average is $89.88. 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 earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for 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 research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

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.