Corient Private Wealth LLC Reduces 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 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.

Remove Ads

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.

About Walmart

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.