Walmart Inc. (NYSE:WMT) Stake Lessened by ICW Investment Advisors LLC

ICW Investment Advisors LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,414 shares of the retailer's stock after selling 3,859 shares during the quarter. Walmart accounts for 1.5% of ICW Investment Advisors LLC's investment portfolio, making the stock its 13th biggest position. ICW Investment Advisors LLC's holdings in Walmart were worth $3,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter worth $32,000. Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walmart in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on WMT shares. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Jefferies Financial Group lifted their price target on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a report on Thursday, February 20th. KeyCorp lifted their target price on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Truist Financial boosted their price target on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Two equities research 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $103.17.

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Walmart Price Performance

NYSE:WMT traded up $0.41 during midday trading on Thursday, hitting $85.62. 16,763,843 shares of the stock were exchanged, compared to its average volume of 16,064,120. The company has a market capitalization of $686.37 billion, a price-to-earnings ratio of 35.53, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The business has a 50-day moving average price of $94.76 and a two-hundred day moving average price of $89.20.

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, topping 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 for the quarter, compared to the consensus estimate of $178.83 billion. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart's dividend payout ratio (DPR) is 39.00%.

Insider Transactions at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This trade represents a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 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 represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,528 shares of company stock valued at $14,096,140 in the last quarter. Insiders own 45.58% of the company's stock.

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.