Snowden Capital Advisors LLC Sells 1,796 Shares of Walmart Inc. (NYSE:WMT)

Snowden Capital Advisors LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 268,087 shares of the retailer’s stock after selling 1,796 shares during the quarter. Walmart accounts for about 0.8% of Snowden Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Snowden Capital Advisors LLC’s holdings in Walmart were worth $24,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Regent Peak Wealth Advisors LLC raised its stake in shares of Walmart by 1.3% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer’s stock worth $1,565,000 after purchasing an additional 226 shares in the last quarter. R.H. Investment Group LLC bought a new stake in Walmart during the fourth quarter worth $6,159,000. Oak Thistle LLC acquired a new stake in Walmart in the fourth quarter valued at $759,000. Park Avenue Securities LLC grew its position in shares of Walmart by 13.0% in the 4th quarter. Park Avenue Securities LLC now owns 199,841 shares of the retailer’s stock valued at $18,056,000 after acquiring an additional 23,008 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Walmart by 43.7% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 48,767 shares of the retailer’s stock valued at $4,406,000 after acquiring an additional 14,824 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares of the company’s stock, valued at $32,891,867.94. This represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 133,857 shares of company stock worth $12,444,743 over the last three months. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. UBS Group cut their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. KeyCorp boosted their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research report on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.94.

Walmart Stock Down 0.5%

Shares of NYSE WMT opened at $96.31 on Friday. 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 stock has a market capitalization of $770.57 billion, a PE ratio of 39.96, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a one year low of $62.94 and a one year high of $105.30. The business’s fifty day moving average price is $90.98 and its 200-day moving average price is $92.29.

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

Walmart Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date 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.