Obermeyer Wealth Partners Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

Obermeyer Wealth Partners lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 370,925 shares of the retailer’s stock after selling 446 shares during the period. Walmart comprises about 1.7% of Obermeyer Wealth Partners’ holdings, making the stock its 19th biggest position. Obermeyer Wealth Partners’ holdings in Walmart were worth $33,513,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC grew its position in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the last quarter. Norges Bank bought a new stake in shares of Walmart in the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC boosted its stake in shares of Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after purchasing an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the sale, the executive vice president now owns 632,718 shares of the company’s stock, valued at approximately $61,607,751.66. This represents a 0.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’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 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 position. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock valued at $12,444,743 in the last 90 days. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.0%

Shares of Walmart stock opened at $96.75 on Tuesday. The firm has a market cap of $774.09 billion, a price-to-earnings ratio of 40.15, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52-week low of $59.44 and a 52-week high of $105.30. The company’s 50-day simple moving average is $90.68 and its 200-day simple moving average is $92.14. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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

Walmart Announces Dividend

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. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Two equities research 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, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $103.94.

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.