IHT Wealth Management LLC Decreases Stock Holdings in Walmart Inc. (NYSE:WMT)

IHT Wealth Management LLC lessened its stake in Walmart Inc. (NYSE:WMT - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 155,394 shares of the retailer's stock after selling 15,004 shares during the quarter. IHT Wealth Management LLC's holdings in Walmart were worth $14,040,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. J. Safra Sarasin Holding AG grew its position in Walmart by 460.6% in the fourth quarter. J. Safra Sarasin Holding AG now owns 466,236 shares of the retailer's stock worth $42,124,000 after acquiring an additional 383,063 shares during the period. Optivise Advisory Services LLC lifted its stake in shares of Walmart by 4.9% in the 4th quarter. Optivise Advisory Services LLC now owns 6,062 shares of the retailer's stock valued at $548,000 after purchasing an additional 282 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of Walmart during the 4th quarter worth $6,915,000. Wealth Dimensions Group Ltd. increased its position in shares of Walmart by 10.3% during the 4th quarter. Wealth Dimensions Group Ltd. now owns 8,375 shares of the retailer's stock worth $757,000 after purchasing an additional 783 shares during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in Walmart by 4.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 967,904 shares of the retailer's stock valued at $87,489,000 after buying an additional 42,050 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price target on shares of Walmart in a research note on Thursday, April 10th. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Royal Bank of Canada reduced their price objective on Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. Finally, Evercore ISI decreased their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Three investment 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 company's stock. According to data from MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Walmart Price Performance

WMT stock opened at $93.17 on Monday. The stock's 50 day moving average price is $91.52 and its 200 day moving average price is $90.40. The firm has a market cap of $746.93 billion, a P/E ratio of 38.66, a PEG ratio of 4.42 and a beta of 0.69. 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 1 year low of $58.56 and a 1 year high of $105.30.

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. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm 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 1.01%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This trade represents a 0.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,782 shares of company stock valued at $16,785,305 in the last 90 days. 45.58% of the stock is currently owned by insiders.

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.

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