Beacon Pointe Advisors LLC Trims Stock Position in Walmart Inc. (NYSE:WMT)

Beacon Pointe Advisors LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 456,031 shares of the retailer's stock after selling 22,795 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Walmart were worth $41,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC raised its position in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the 4th quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.9 %

WMT opened at $95.02 on Monday. The firm's fifty day moving average is $90.58 and its two-hundred day moving average is $90.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market cap of $761.76 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 2.85% and a return on equity of 21.87%. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared 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 is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.99%. Walmart's payout ratio is currently 39.00%.

Analyst Ratings Changes

Several research analysts have recently issued reports on WMT shares. Raymond James lowered their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. 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. Mizuho initiated coverage on Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective for the company. Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Finally, Oppenheimer lowered their target price on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart has an average rating of "Moderate Buy" and a consensus target price of $103.58.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business'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 value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 140,533 shares of company stock valued at $13,241,740 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.

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