Pecaut & CO. Sells 708 Shares of Walmart Inc. (NYSE:WMT)

Pecaut & CO. reduced its holdings in Walmart Inc. (NYSE:WMT) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,927 shares of the retailer’s stock after selling 708 shares during the period. Pecaut & CO.’s holdings in Walmart were worth $1,168,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $43,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value 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. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,777 shares of company stock worth $18,001,116. 45.58% of the stock is owned by insiders.

Walmart Trading Down 0.6 %

WMT stock opened at $85.78 on Friday. The company has a market cap of $687.70 billion, a P/E ratio of 35.59, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. 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 business has a fifty day moving average of $95.34 and a 200-day moving average of $88.89.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business 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%. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued 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 1.10%. Walmart’s dividend payout ratio is presently 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Oppenheimer lifted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus decreased their price target on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.17.

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.