Walmart Inc. (NYSE:WMT) Shares Sold by EPG Wealth Management LLC

EPG Wealth Management LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,750 shares of the retailer’s stock after selling 160 shares during the quarter. EPG Wealth Management LLC’s holdings in Walmart were worth $610,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. EP Wealth Advisors LLC increased its stake in shares of Walmart by 3.7% during the fourth quarter. EP Wealth Advisors LLC now owns 179,650 shares of the retailer’s stock worth $16,231,000 after buying an additional 6,419 shares during the period. Colonial Trust Co SC grew its holdings in Walmart by 8.1% during the 4th quarter. Colonial Trust Co SC now owns 97,491 shares of the retailer’s stock worth $8,808,000 after acquiring an additional 7,265 shares in the last quarter. Concentric Capital Strategies LP grew its holdings in Walmart by 133.9% during the 4th quarter. Concentric Capital Strategies LP now owns 119,986 shares of the retailer’s stock worth $10,841,000 after acquiring an additional 473,972 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Walmart by 9.9% in the 4th quarter. CoreCap Advisors LLC now owns 55,013 shares of the retailer’s stock valued at $4,970,000 after purchasing an additional 4,952 shares during the last quarter. Finally, Cornerstone Select Advisors LLC acquired a new stake in shares of Walmart in the 4th quarter valued at $1,693,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on WMT. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Piper Sandler increased their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. StockNews.com raised Walmart from a “hold” rating to a “buy” rating in a research report on Friday, May 2nd. Citigroup reaffirmed a “buy” rating on shares of Walmart in a report on Tuesday. Finally, Roth Mkm reissued a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.94.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the sale, the executive vice president now directly owns 348,357 shares in the company, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 133,857 shares of company stock valued at $12,444,743 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $98.76 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company’s fifty day moving average is $90.62 and its two-hundred day moving average is $91.70. Walmart Inc. has a one year low of $59.44 and a one year high of $105.30. The firm has a market capitalization of $790.13 billion, a P/E ratio of 40.98, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The business 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%. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart’s dividend payout ratio is presently 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.