Resurgent Financial Advisors LLC Sells 1,504 Shares of Walmart Inc. (NYSE:WMT)

Resurgent Financial Advisors LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 5.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,991 shares of the retailer’s stock after selling 1,504 shares during the quarter. Walmart accounts for 1.3% of Resurgent Financial Advisors LLC’s holdings, making the stock its 15th biggest position. Resurgent Financial Advisors LLC’s holdings in Walmart were worth $2,168,000 at the end of the most recent reporting period.

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

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. The trade was a 0.55 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,022 shares of company stock worth $16,618,422. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on WMT. Raymond James decreased their price objective on Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Evercore ISI dropped their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. KeyCorp lifted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $103.58.

Walmart Trading Down 0.8 %

Shares of NYSE WMT opened at $93.97 on Wednesday. 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. The business’s 50 day moving average is $92.10 and its two-hundred day moving average is $90.09. The stock has a market capitalization of $753.38 billion, a P/E ratio of 38.99, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $178.83 billion. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

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.