Eagle Strategies LLC Has $454,000 Stake in Walmart Inc. (NYSE:WMT)

Eagle Strategies LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,022 shares of the retailer’s stock after selling 368 shares during the period. Eagle Strategies LLC’s holdings in Walmart were worth $454,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Walmart in the fourth quarter valued at about $5,737,355,000. Raymond James Financial Inc. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $2,306,627,000. Jennison Associates LLC raised its holdings in shares of Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock worth $2,289,419,000 after buying an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,657 shares of company stock worth $15,984,929 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on WMT shares. Guggenheim reissued a “buy” rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. StockNews.com downgraded Walmart from a “buy” rating to a “hold” rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $103.58.

Walmart Trading Up 0.2 %

WMT opened at $97.44 on Friday. The firm’s fifty day simple moving average is $90.50 and its 200 day simple moving average is $91.21. Walmart Inc. has a 12 month low of $58.58 and a 12 month high of $105.30. The stock has a market capitalization of $779.57 billion, a P/E ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Walmart 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.