CIBC Private Wealth Group LLC Sells 4,966 Shares of Walmart Inc. (NYSE:WMT)

CIBC Private Wealth Group LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,057,947 shares of the retailer's stock after selling 4,966 shares during the period. CIBC Private Wealth Group LLC's holdings in Walmart were worth $97,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brophy Wealth Management LLC bought a new position in Walmart in the 3rd quarter worth approximately $2,072,000. Candriam S.C.A. grew its stake in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire increased its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC raised its stake in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank lifted its holdings 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 purchasing an additional 18,263 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms have commented on WMT. Evercore ISI dropped their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company increased their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Citigroup reissued a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.17.

Walmart Stock Up 1.2 %

NYSE WMT traded up $1.05 on Wednesday, reaching $89.88. The stock had a trading volume of 18,244,902 shares, compared to its average volume of 17,002,404. 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 Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The business has a 50 day moving average price of $94.45 and a 200 day moving average price of $89.51. The company has a market capitalization of $720.55 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.05%. Walmart's dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares of the company's stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,652 shares of company stock valued at $16,590,028. 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.