ICW Investment Advisors LLC Trims Holdings in Walmart Inc. (NYSE:WMT)

ICW Investment Advisors LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,414 shares of the retailer’s stock after selling 3,859 shares during the period. Walmart accounts for about 1.5% of ICW Investment Advisors LLC’s investment portfolio, making the stock its 13th largest holding. ICW Investment Advisors LLC’s holdings in Walmart were worth $3,651,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the fourth quarter valued at $32,000. Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart in the 3rd quarter worth about $43,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.1 %

WMT opened at $85.94 on Monday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The business has a 50 day moving average price of $95.19 and a two-hundred day moving average price of $89.12. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $688.93 billion, a PE ratio of 35.66, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its quarterly earnings results 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. As a group, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.09%. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on WMT. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Guggenheim reissued a “buy” rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, Royal Bank of Canada cut 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. Two analysts have 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 data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,777 shares of company stock worth $18,001,116. 45.58% of the stock is owned by corporate insiders.

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.