AMJ Financial Wealth Management Decreases Stake in Walmart Inc. (NYSE:WMT)

AMJ Financial Wealth Management lessened its holdings in Walmart Inc. (NYSE:WMT) by 0.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,715 shares of the retailer’s stock after selling 142 shares during the quarter. AMJ Financial Wealth Management’s holdings in Walmart were worth $4,672,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter worth about $32,000. Finally, Hara Capital LLC bought a new position in Walmart during the third quarter valued at about $37,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. KeyCorp lifted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Royal Bank of Canada reduced their price objective on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, February 21st. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $103.07.

Walmart Trading Down 1.1 %

Shares of WMT stock opened at $97.49 on Tuesday. The company has a market capitalization of $783.17 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52-week low of $58.40 and a 52-week high of $105.30. The business’s fifty day moving average is $96.04 and its 200 day moving average 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 (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the sale, the executive vice president now owns 460,672 shares of the company’s stock, valued at $44,293,612.80. The trade was a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $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. Insiders have sold 185,777 shares of company stock valued at $17,657,316 in the last quarter. Insiders own 45.58% of the company’s stock.

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.