SGL Investment Advisors Inc. Has $428,000 Stake in Walmart Inc. (NYSE:WMT)

SGL Investment Advisors Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,734 shares of the retailer’s stock after selling 455 shares during the quarter. SGL Investment Advisors Inc.’s holdings in Walmart were worth $428,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in Walmart during the 4th quarter worth $5,737,355,000. Raymond James Financial Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at about $2,306,627,000. Jennison Associates LLC lifted its position in shares of Walmart by 37.1% during the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp grew its position in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the transaction, the executive vice president now directly owns 632,718 shares in the company, valued at approximately $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total transaction of $2,743,189.56. Following the sale, the chief executive officer now owns 4,480,347 shares of the company’s stock, valued at approximately $422,003,883.93. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock worth $12,444,743 in the last three months. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Oppenheimer boosted their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Finally, Truist Financial cut their price target on shares of Walmart from $111.00 to $107.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.94.

Walmart Stock Down 0.5%

Shares of NYSE WMT opened at $96.31 on Friday. 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 $770.57 billion, a P/E ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52 week low of $62.94 and a 52 week high of $105.30. The business has a 50-day simple moving average of $90.98 and a two-hundred day simple moving average of $92.29.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. During the same period in the prior year, the firm posted $0.60 earnings per share. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is 39.00%.

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.