Advisors Capital Management LLC Has $21.22 Million Holdings in Walmart Inc. (NYSE:WMT)

Advisors Capital Management LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,807 shares of the retailer's stock after selling 13,860 shares during the period. Advisors Capital Management LLC's holdings in Walmart were worth $21,215,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WMT. Sagespring Wealth Partners LLC bought a new position in Walmart during the fourth quarter valued at approximately $10,972,000. Townsquare Capital LLC raised its stake in shares of Walmart by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 193,329 shares of the retailer's stock valued at $17,467,000 after acquiring an additional 11,862 shares in the last quarter. Crux Wealth Advisors bought a new stake in Walmart during the fourth quarter worth approximately $1,562,000. Cornerstone Enterprises LLC acquired a new stake in shares of Walmart in the fourth quarter worth $1,336,000. Finally, Nicolet Bankshares Inc. boosted its holdings in shares of Walmart by 0.8% during the 4th quarter. Nicolet Bankshares Inc. now owns 21,079 shares of the retailer's stock worth $1,904,000 after buying an additional 174 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Trading Down 0.8 %

Walmart stock traded down $0.76 during trading hours on Tuesday, reaching $93.97. 21,858,513 shares of the company's stock traded hands, compared to its average volume of 17,742,921. The firm has a market capitalization of $753.38 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm's 50 day moving average is $92.27 and its 200-day moving average is $90.06.

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Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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 issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WMT shares. Roth Mkm reaffirmed a "buy" rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Morgan Stanley restated an "overweight" rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Evercore ISI cut their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird increased 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. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. The trade was a 0.73 % 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 Daniel J. Bartlett sold 1,830 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 178,852 shares of company stock valued at $16,785,080. Corporate insiders own 45.58% of the company's stock.

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.