Elo Mutual Pension Insurance Co Decreases Position in Walmart Inc. (NYSE:WMT)

Elo Mutual Pension Insurance Co lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,454 shares of the retailer's stock after selling 16,935 shares during the period. Walmart makes up approximately 0.8% of Elo Mutual Pension Insurance Co's portfolio, making the stock its 20th biggest holding. Elo Mutual Pension Insurance Co's holdings in Walmart were worth $36,452,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new stake in Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walmart in the third quarter worth $43,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Trading Down 0.6 %

NYSE WMT traded down $0.55 during trading hours on Friday, hitting $85.08. 14,780,407 shares of the company's stock were exchanged, compared to its average volume of 16,910,594. The business's 50 day moving average is $94.62 and its 200-day moving average is $89.32. 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 Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm has a market capitalization of $682.04 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

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

Walmart Dividend Announcement

The business also recently declared 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 of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,528 shares of company stock valued at $14,096,140 in the last ninety days. Company insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WMT shares. 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 report on Friday, February 21st. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Robert W. Baird boosted their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.17.

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.