Aberdeen Wealth Management LLC Has $1.78 Million Stake in Walmart Inc. (NYSE:WMT)

Aberdeen Wealth Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,647 shares of the retailer’s stock after selling 1,700 shares during the period. Walmart comprises about 1.2% of Aberdeen Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Aberdeen Wealth Management LLC’s holdings in Walmart were worth $1,775,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tallon Kerry Patrick bought a new stake in Walmart during the fourth quarter valued at about $252,000. LaFleur & Godfrey LLC boosted its holdings in Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer’s stock valued at $6,283,000 after acquiring an additional 992 shares during the period. Eagle Capital Management LLC boosted its holdings in Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer’s stock valued at $349,000 after acquiring an additional 321 shares during the period. Raleigh Capital Management Inc. boosted its holdings in Walmart by 5.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 13,855 shares of the retailer’s stock valued at $1,252,000 after acquiring an additional 741 shares during the period. Finally, MinichMacGregor Wealth Management LLC boosted its holdings in Walmart by 27.4% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 7,975 shares of the retailer’s stock valued at $724,000 after acquiring an additional 1,713 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

NYSE:WMT opened at $96.49 on Friday. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The firm has a 50 day moving average of $92.33 and a 200-day moving average of $92.97. 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 stock has a market capitalization of $772.00 billion, a P/E ratio of 40.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (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 company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 earnings per share. Walmart’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is currently 40.17%.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the business’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 transaction of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares of the company’s stock, valued at $61,607,751.66. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,583 shares of company stock worth $16,701,404. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WMT shares. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Wells Fargo & Company lifted their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Guggenheim reissued a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $104.94.

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.