Walmart Inc. (NYSE:WMT) Holdings Decreased by Dividend Assets Capital LLC

Dividend Assets Capital LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,304 shares of the retailer’s stock after selling 630 shares during the quarter. Dividend Assets Capital LLC’s holdings in Walmart were worth $4,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB grew its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after buying an additional 18,644 shares during the last quarter. X Square Capital LLC boosted its stake in Walmart by 3.1% in the third quarter. X Square Capital LLC now owns 34,460 shares of the retailer’s stock valued at $2,783,000 after acquiring an additional 1,032 shares during the period. Global Assets Advisory LLC bought a new position in shares of Walmart during the third quarter valued at approximately $1,082,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Walmart by 11.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 101,000 shares of the retailer’s stock worth $8,156,000 after purchasing an additional 10,006 shares during the period. Finally, Beese Fulmer Investment Management Inc. lifted its holdings in shares of Walmart by 2.2% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 22,430 shares of the retailer’s stock worth $1,811,000 after purchasing an additional 490 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Chojnowski sold 5,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.45, for a total transaction of $512,120.00. Following the completion of the sale, the senior vice president now owns 87,404 shares of the company’s stock, valued at approximately $7,993,095.80. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 2.6 %

WMT stock opened at $94.70 on Friday. The firm has a market cap of $760.77 billion, a PE ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $57.77 and a 12 month 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 firm has a 50 day simple moving average of $95.63 and a 200 day simple moving average of $86.44.

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

Walmart Dividend Announcement

The business 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio is currently 34.44%.

Analysts Set New Price Targets

WMT has been the subject of a number of recent research reports. Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Piper Sandler increased 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. Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Walmart in a research note on Friday. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.43.

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.