Walmart Inc. (NYSE:WMT) Stock Holdings Trimmed by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 21.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 614,121 shares of the retailer's stock after selling 172,269 shares during the period. Federated Hermes Inc.'s holdings in Walmart were worth $55,486,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Waterloo Capital L.P. raised its stake in shares of Walmart by 18.3% during the 4th quarter. Waterloo Capital L.P. now owns 304,843 shares of the retailer's stock worth $27,543,000 after buying an additional 47,140 shares in the last quarter. Titleist Asset Management LLC grew its holdings in Walmart by 12.9% during the fourth quarter. Titleist Asset Management LLC now owns 14,344 shares of the retailer's stock worth $1,296,000 after acquiring an additional 1,637 shares during the period. Darden Wealth Group Inc lifted its holdings in Walmart by 15.7% in the fourth quarter. Darden Wealth Group Inc now owns 5,535 shares of the retailer's stock valued at $500,000 after acquiring an additional 750 shares during the period. Ilmarinen Mutual Pension Insurance Co boosted its position in shares of Walmart by 32.9% during the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 660,500 shares of the retailer's stock worth $59,676,000 after purchasing an additional 163,500 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Walmart by 8.8% during the 4th quarter. Russell Investments Group Ltd. now owns 2,893,930 shares of the retailer's stock worth $261,488,000 after purchasing an additional 234,658 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

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Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the 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 directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company's stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,852 shares of company stock valued at $16,785,080 in the last quarter. Insiders own 45.58% of the company's stock.

Walmart Stock Up 2.0 %

Shares of NYSE:WMT traded up $1.82 during midday trading on Friday, reaching $92.43. The company had a trading volume of 10,907,226 shares, compared to its average volume of 17,555,480. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $740.98 billion, a P/E ratio of 38.42, a PEG ratio of 4.42 and a beta of 0.69. The stock's fifty day moving average price is $92.59 and its 200-day moving average price is $89.80.

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, 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 firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WMT shares. UBS Group lowered their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Tigress Financial upped their target price on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Jefferies Financial Group increased their target price on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

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.