FRG Family Wealth Advisors LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

FRG Family Wealth Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 138,749 shares of the retailer’s stock after selling 2,020 shares during the period. Walmart makes up 2.3% of FRG Family Wealth Advisors LLC’s investment portfolio, making the stock its 13th largest position. FRG Family Wealth Advisors LLC’s holdings in Walmart were worth $12,536,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Down 1.2 %

Walmart stock opened at $88.54 on Thursday. The stock’s 50 day moving average price is $92.76 and its 200 day moving average price is $89.73. The company has a market cap of $709.81 billion, a PE ratio of 36.74, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.06%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on WMT shares. Oppenheimer cut their target price on Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $102.60.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,852 shares of company stock valued at $16,785,080 over the last quarter. Company insiders own 45.58% of the company’s stock.

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.