Bragg Financial Advisors Inc reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,913 shares of the retailer's stock after selling 12,030 shares during the period. Walmart makes up about 0.9% of Bragg Financial Advisors Inc's holdings, making the stock its 29th largest holding. Bragg Financial Advisors Inc's holdings in Walmart were worth $22,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. World Investment Advisors raised its holdings in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock valued at $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. grew its stake in Walmart by 209.7% in the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after buying an additional 599,257 shares in the last quarter. Bank of New Hampshire increased its holdings in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after buying an additional 5,786 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after buying an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its position in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.
Walmart Stock Up 1.2 %
NYSE:WMT traded up $1.18 on Tuesday, reaching $95.91. 1,780,248 shares of the stock traded hands, compared to its average volume of 17,639,241. The company's fifty day simple moving average is $92.27 and its 200 day simple moving average is $90.06. The company has a market capitalization of $768.90 billion, a price-to-earnings ratio of 39.79, 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 current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.
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, topping 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 during the quarter, compared to analyst estimates of $178.83 billion. Equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The business also recently announced 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. This represents a $0.94 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on WMT. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. UBS Group dropped their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Truist Financial lifted their price target on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.
Read Our Latest Report on Walmart
Insider Activity
In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock valued at $16,785,080 in the last 90 days. 45.58% of the stock is currently owned by insiders.
Walmart Profile
(
Free Report)
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.
See Also
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
