Walmart Inc. (NYSE:WMT) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 11.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,268,398 shares of the retailer’s stock after selling 280,384 shares during the quarter. Victory Capital Management Inc.’s holdings in Walmart were worth $204,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mainstream Capital Management LLC raised its stake in Walmart by 1.1% during the 4th quarter. Mainstream Capital Management LLC now owns 10,871 shares of the retailer’s stock worth $982,000 after acquiring an additional 113 shares in the last quarter. SWS Partners increased its stake in Walmart by 1.6% in the fourth quarter. SWS Partners now owns 24,604 shares of the retailer’s stock valued at $2,228,000 after purchasing an additional 378 shares during the period. Ring Mountain Capital LLC acquired a new position in Walmart in the fourth quarter valued at $288,000. Exencial Wealth Advisors LLC increased its stake in Walmart by 24.6% in the fourth quarter. Exencial Wealth Advisors LLC now owns 27,194 shares of the retailer’s stock valued at $2,457,000 after purchasing an additional 5,369 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its stake in Walmart by 6.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 60,872 shares of the retailer’s stock valued at $5,500,000 after purchasing an additional 3,569 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % 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 Stock Down 2.9 %

Shares of NYSE WMT opened at $94.74 on Wednesday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a market capitalization of $761.04 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm’s 50-day moving average is $96.08 and its two-hundred day moving average is $88.03.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Oppenheimer lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research note on Friday. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $103.07.

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.