Fmr LLC Sells 1,091,942 Shares of Walmart Inc. (NYSE:WMT)

FMR LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,043,697 shares of the retailer's stock after selling 1,091,942 shares during the period. FMR LLC owned approximately 0.77% of Walmart worth $5,605,648,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Walmart by 3.8% in the third quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,144 shares of the retailer's stock valued at $335,000 after buying an additional 150 shares in the last quarter. Voya Financial Advisors Inc. acquired a new position in Walmart during the 3rd quarter worth about $217,000. EP Wealth Advisors LLC grew its holdings in Walmart by 5.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 173,231 shares of the retailer's stock worth $13,988,000 after acquiring an additional 9,088 shares during the last quarter. Finally, Hendershot Investments Inc. increased its holdings in shares of Walmart by 19.9% in the third quarter. Hendershot Investments Inc. now owns 14,473 shares of the retailer's stock valued at $1,169,000 after purchasing an additional 2,400 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Remove Ads

Walmart Stock Up 1.3 %

Walmart stock traded up $1.18 during midday trading on Thursday, hitting $90.78. 20,903,200 shares of the stock were exchanged, compared to its average volume of 17,517,938. 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 $727.74 billion, a price-to-earnings ratio of 37.51, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The business's 50-day moving average price is $92.76 and its 200-day moving average price is $89.73.

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

Walmart Announces Dividend

The company 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. This represents a $0.94 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Guggenheim reiterated a "buy" rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Royal Bank of Canada reduced their target price on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a report on Thursday. Finally, UBS Group reiterated a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $102.43.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 of the company's stock, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by company insiders.

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.