Johnson Financial Group Inc. Lowers Position in Walmart Inc. (NYSE:WMT)

Johnson Financial Group Inc. trimmed its stake in Walmart Inc. (NYSE:WMT) by 5.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,684 shares of the retailer’s stock after selling 4,165 shares during the period. Johnson Financial Group Inc.’s holdings in Walmart were worth $7,822,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC bought a new position in shares of Walmart during the 4th quarter valued at about $44,985,000. Virtus ETF Advisers LLC purchased a new stake in Walmart in the fourth quarter worth approximately $1,256,000. Gilder Gagnon Howe & Co. LLC grew its position in Walmart by 21.9% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 67,179 shares of the retailer’s stock valued at $6,070,000 after acquiring an additional 12,059 shares during the last quarter. Coldstream Capital Management Inc. grew its position in Walmart by 1.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 139,524 shares of the retailer’s stock valued at $12,606,000 after acquiring an additional 2,506 shares during the last quarter. Finally, UP Strategic Wealth Investment Advisors LLC raised its stake in shares of Walmart by 14.9% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 11,508 shares of the retailer’s stock worth $1,040,000 after acquiring an additional 1,493 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This trade represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,533 shares of company stock worth $13,241,740 over the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on WMT shares. Mizuho started coverage on shares of Walmart in a research note on Friday, April 11th. They issued an “outperform” rating and a $105.00 target price on the stock. Raymond James lowered their price objective on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $103.58.

Walmart Trading Down 0.9 %

Walmart stock opened at $95.02 on Friday. The business’s fifty day moving average is $90.58 and its 200 day moving average is $90.76. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $761.76 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $58.58 and a one year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 net margin of 2.85% and a return on equity of 21.87%. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s 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.