Gen Wealth Partners Inc Has $3.14 Million Stake in Walmart Inc. (NYSE:WMT)

Gen Wealth Partners Inc lessened its position in shares of Walmart Inc. (NYSE:WMT) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,764 shares of the retailer’s stock after selling 2,757 shares during the quarter. Walmart makes up about 1.3% of Gen Wealth Partners Inc’s investment portfolio, making the stock its 9th largest position. Gen Wealth Partners Inc’s holdings in Walmart were worth $3,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. Global Assets Advisory LLC boosted its stake in Walmart by 2.3% during the fourth quarter. Global Assets Advisory LLC now owns 13,615 shares of the retailer’s stock worth $1,225,000 after buying an additional 307 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Walmart during the 4th quarter worth about $314,000. Focus Partners Wealth boosted its position in shares of Walmart by 7.8% during the 4th quarter. Focus Partners Wealth now owns 2,659,454 shares of the retailer’s stock valued at $242,167,000 after acquiring an additional 191,548 shares in the last quarter. Full Sail Capital LLC increased its stake in Walmart by 6.6% in the fourth quarter. Full Sail Capital LLC now owns 8,702 shares of the retailer’s stock valued at $786,000 after acquiring an additional 541 shares during the period. Finally, Fullerton Fund Management Co Ltd. increased its stake in Walmart by 23.0% in the fourth quarter. Fullerton Fund Management Co Ltd. now owns 2,307,352 shares of the retailer’s stock valued at $208,469,000 after acquiring an additional 432,076 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 0.7 %

NYSE WMT opened at $96.78 on Friday. Walmart Inc. has a 12 month low of $59.44 and a 12 month high of $105.30. The stock has a 50-day simple moving average of $90.66 and a 200 day simple moving average of $91.91. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $774.33 billion, a PE ratio of 40.16, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,857 shares of company stock valued at $12,444,743 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a research note on Monday. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Evercore ISI dropped their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.94.

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.