RB Capital Management LLC Sells 226 Shares of Walmart Inc. (NYSE:WMT)

RB Capital Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,827 shares of the retailer’s stock after selling 226 shares during the quarter. RB Capital Management LLC’s holdings in Walmart were worth $3,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC lifted its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter valued at $27,000. Noble Wealth Management PBC bought a new stake in Walmart in the 4th quarter valued at $37,000. Finally, Mizuho Bank Ltd. bought a new stake in Walmart in the 4th quarter valued at $41,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 1.4%

Walmart stock opened at $96.48 on Thursday. The firm has a market capitalization of $771.89 billion, a PE ratio of 40.03, a P/E/G ratio of 4.42 and a beta of 0.70. The company’s 50-day moving average is $91.95 and its 200-day moving average is $92.72. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business earned $0.60 EPS. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be paid 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 currently 40.17%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Stifel Nicolaus cut their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Truist Financial boosted their price objective on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Activity at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. This represents a 4.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the sale, the executive vice president now directly owns 632,718 shares of the company’s stock, valued at $61,607,751.66. This represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 166,035 shares of company stock worth $15,548,082. Insiders own 45.58% of the company’s stock.

About Walmart

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.