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Corient Private Wealth LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

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Corient Private Wealth LLC cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,274,792 shares of the retailer's stock after selling 227,329 shares during the quarter. Corient Private Wealth LLC's holdings in Walmart were worth $202,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter valued at approximately $37,000. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 over the last 90 days. Corporate insiders own 45.58% of the company's stock.

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Walmart Trading Up 2.8 %

NYSE:WMT traded up $2.43 during mid-day trading on Monday, hitting $87.78. 17,635,562 shares of the stock traded hands, compared to its average volume of 15,839,353. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $705.13 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 4.42 and a beta of 0.53. The firm's 50 day moving average is $95.74 and its two-hundred day moving average is $88.80.

Walmart (NYSE:WMT - Get Free Report) last announced 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. On average, equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm 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 annualized dividend and a yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 39.00%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WMT. Evercore ISI cut their target price 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Guggenheim reiterated a "buy" rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Royal Bank of Canada decreased their target price on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Finally, TD Cowen upped their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. One research analyst has 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. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $103.20.

Check Out Our Latest Stock Analysis on Walmart

About Walmart

(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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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