Walmart Inc. (NYSE:WMT) Shares Sold by Financial Security Advisor Inc.

Financial Security Advisor Inc. lowered its holdings in Walmart Inc. (NYSE:WMT) by 2.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 51,672 shares of the retailer’s stock after selling 1,085 shares during the quarter. Walmart comprises approximately 1.2% of Financial Security Advisor Inc.’s portfolio, making the stock its 16th largest holding. Financial Security Advisor Inc.’s holdings in Walmart were worth $4,679,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Swedbank AB lifted its stake in shares of Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Eagle Strategies LLC raised its holdings in shares of Walmart by 11.5% during the 3rd quarter. Eagle Strategies LLC now owns 5,390 shares of the retailer’s stock valued at $435,000 after buying an additional 558 shares during the period. GSB Wealth Management LLC raised its holdings in shares of Walmart by 27.9% during the 3rd quarter. GSB Wealth Management LLC now owns 4,416 shares of the retailer’s stock valued at $357,000 after buying an additional 963 shares during the period. Highline Wealth Partners LLC acquired a new position in Walmart during the 3rd quarter worth approximately $48,000. Finally, ADE LLC acquired a new stake in Walmart in the third quarter valued at approximately $206,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of the 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 transaction, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at $32,891,867.94. This trade represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,528 shares of company stock valued at $13,849,185 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.7 %

Shares of Walmart stock opened at $96.88 on Friday. The stock has a market capitalization of $778.23 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $58.20 and a twelve month high of $105.30. 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 business’s 50 day simple moving average is $95.77 and its 200-day simple moving average is $87.23.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates 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 year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.97%. Walmart’s dividend payout ratio is presently 39.00%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on WMT. Truist Financial lifted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Barclays boosted their price objective on shares of Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a research note on Monday. Stifel Nicolaus increased their price target on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Tigress Financial raised their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $103.07.

Walmart Company 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.