Trek Financial LLC Sells 3,117 Shares of Walmart Inc. (NYSE:WMT)

Trek Financial LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 2.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 104,556 shares of the retailer’s stock after selling 3,117 shares during the quarter. Trek Financial LLC’s holdings in Walmart were worth $9,447,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on 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. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock worth $16,785,080 in the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Royal Bank of Canada dropped their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Robert W. Baird raised their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $103.17.

Walmart Trading Down 4.8 %

NYSE WMT opened at $83.09 on Friday. The firm has a market capitalization of $666.12 billion, a PE ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69. The stock’s 50 day moving average is $94.01 and its 200 day moving average is $89.59. 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.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.13%. Walmart’s payout ratio is 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.