Walmart Inc. (NYSE:WMT) Shares Sold by Carlton Hofferkamp & Jenks Wealth Management LLC

Carlton Hofferkamp & Jenks Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,877 shares of the retailer’s stock after selling 164 shares during the period. Carlton Hofferkamp & Jenks Wealth Management LLC’s holdings in Walmart were worth $2,428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC increased its holdings in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Franklin Resources Inc. increased its holdings in Walmart by 3.7% in the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after buying an additional 1,480,927 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on WMT. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $103.07.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT stock opened at $97.49 on Tuesday. The firm’s 50 day moving average price is $96.04 and its 200-day moving average price is $87.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a one year low of $58.40 and a one year high of $105.30. The firm has a market cap of $783.17 billion, a P/E ratio of 40.45, a P/E/G ratio of 4.42 and a beta of 0.55.

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

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. Walmart’s dividend payout ratio is currently 39.00%.

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.