Creative Financial Designs Inc. ADV Lowers Position in Walmart Inc. (NYSE:WMT)

Creative Financial Designs Inc. ADV cut its stake in Walmart Inc. (NYSE:WMT) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,857 shares of the retailer’s stock after selling 130 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Walmart were worth $619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. IMG Wealth Management Inc. purchased a new stake in shares of Walmart in the fourth quarter worth approximately $137,000. First National Advisers LLC increased its position in shares of Walmart by 2.7% during the fourth quarter. First National Advisers LLC now owns 72,790 shares of the retailer’s stock valued at $6,577,000 after acquiring an additional 1,944 shares during the last quarter. GWN Securities Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $4,658,000. Glenview Trust co increased its position in shares of Walmart by 1.0% during the fourth quarter. Glenview Trust co now owns 844,600 shares of the retailer’s stock valued at $76,310,000 after acquiring an additional 8,687 shares during the last quarter. Finally, Facet Wealth Inc. increased its position in shares of Walmart by 8.8% during the fourth quarter. Facet Wealth Inc. now owns 7,216 shares of the retailer’s stock valued at $652,000 after acquiring an additional 582 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. TD Cowen increased their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Stifel Nicolaus raised their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI decreased their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. One investment 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. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $103.20.

Walmart Price Performance

NYSE:WMT opened at $85.53 on Wednesday. The firm has a market capitalization of $687.13 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a fifty day moving average of $95.56 and a 200 day moving average of $88.93. 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 issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company 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 dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % 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, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 over the last 90 days. 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.