Walmart Inc. (NYSE:WMT) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,072,264 shares of the retailer's stock after selling 238,138 shares during the quarter. Envestnet Asset Management Inc. owned about 0.08% of Walmart worth $548,629,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC raised its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart during the 4th quarter valued at about $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is owned by corporate insiders.

Remove Ads

Walmart Stock Up 0.5 %

Shares of WMT traded up $0.46 during midday trading on Monday, hitting $83.65. 36,845,575 shares of the company's stock traded hands, compared to its average volume of 17,253,380. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $670.59 billion, a price-to-earnings ratio of 34.71, 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. The firm's fifty day moving average is $94.01 and its 200-day moving average is $89.67.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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 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 anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent analyst reports. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Stifel Nicolaus reduced their price target on shares of Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.17.

Walmart 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.