Walmart Inc. (NYSE:WMT) Shares Sold by DRW Securities LLC

DRW Securities LLC trimmed its stake in Walmart Inc. (NYSE:WMT - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,559 shares of the retailer's stock after selling 4,096 shares during the period. DRW Securities LLC's holdings in Walmart were worth $1,225,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter valued at about $37,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

Shares of Walmart stock traded up $1.20 on Monday, hitting $94.00. 10,248,426 shares of the company were exchanged, compared to its average volume of 17,631,520. 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 company has a 50-day moving average price of $92.43 and a 200 day moving average price of $89.95. The stock has a market capitalization of $753.58 billion, a price-to-earnings ratio of 39.00, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.00%. Walmart's payout ratio is 39.00%.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 in the last 90 days. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Finally, Oppenheimer reduced their price objective on Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.58.

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.