Sequent Planning LLC Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

Sequent Planning LLC reduced its position in Walmart Inc. (NYSE:WMT) by 40.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,357 shares of the retailer’s stock after selling 2,273 shares during the quarter. Sequent Planning LLC’s holdings in Walmart were worth $303,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart in the 3rd quarter worth approximately $43,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT stock opened at $85.94 on Monday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock has a market cap of $688.93 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is $95.19 and its 200-day moving average price is $89.12.

Walmart (NYSE:WMT) last announced its 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 for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMT. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Roth Mkm restated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Piper Sandler boosted their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, KeyCorp lifted their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note 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.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % 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 company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock worth $18,001,116 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.