Corient Private Wealth LLC Has $202.96 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Corient Private Wealth LLC cut its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,274,792 shares of the retailer's stock after selling 227,329 shares during the period. Corient Private Wealth LLC's holdings in Walmart were worth $202,959,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Peterson Financial Group Inc. bought a new stake in Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm'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 sale, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by company insiders.

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Walmart Trading Up 0.9 %

WMT traded up $0.79 during midday trading on Friday, reaching $85.29. 35,480,004 shares of the company were exchanged, compared to its average volume of 15,827,975. The stock has a market capitalization of $685.19 billion, a P/E ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The stock's 50-day simple moving average is $95.74 and its 200 day simple moving average is $88.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

Several research firms have recently weighed in on WMT. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. KeyCorp boosted their target price on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Guggenheim reiterated a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $103.20.

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.