Walmart Inc. (NYSE:WMT) Shares Sold by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,079 shares of the retailer’s stock after selling 641 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in Walmart were worth $2,297,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Geode Capital Management LLC increased its holdings in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank bought a new stake in shares of Walmart during the fourth quarter valued at about $5,737,355,000. Fisher Asset Management LLC lifted its holdings in Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Finally, Franklin Resources Inc. grew its position in Walmart by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock valued at $3,796,129,000 after buying an additional 514,036 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

NYSE:WMT traded up $1.81 during mid-day trading on Thursday, reaching $91.41. 8,432,850 shares of the company were exchanged, compared to its average volume of 17,468,769. 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 stock has a market cap of $732.82 billion, a PE ratio of 37.93, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a fifty day moving average of $92.76 and a 200 day moving average of $89.73.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. Walmart’s payout ratio is presently 39.00%.

Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Tigress Financial boosted their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. StockNews.com cut Walmart from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore ISI decreased their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Finally, KeyCorp lifted 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. Three analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $102.43.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at $35,288,807.84. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,852 shares of company stock valued at $16,785,080 over the last three months. Company insiders own 45.58% of the company’s stock.

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.