Boothbay Fund Management LLC Sells 50,202 Shares of Walmart Inc. (NYSE:WMT)

Boothbay Fund Management LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 49.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,799 shares of the retailer's stock after selling 50,202 shares during the quarter. Boothbay Fund Management LLC's holdings in Walmart were worth $4,680,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter worth about $25,000. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter valued at $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WMT has been the subject of several recent analyst reports. Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Stifel Nicolaus lowered their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Mizuho began coverage on shares of Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 price target on the stock. Oppenheimer decreased their price objective on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average price target of $103.58.

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 transaction, the executive vice president now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the sale, the executive vice president now owns 1,096,455 shares of the company's stock, valued at approximately $102,518,542.50. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 140,533 shares of company stock worth $13,241,740 over the last ninety days. Company insiders own 45.58% of the company's stock.

Walmart Stock Down 0.9 %

Shares of WMT opened at $95.02 on Friday. 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 stock has a market capitalization of $761.76 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1 year low of $58.58 and a 1 year high of $105.30. The business's 50 day simple moving average is $90.58 and its 200-day simple moving average is $90.83.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business 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 dividend of $0.235 per share. 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%.

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.

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