Walmart Inc. (NYSE:WMT) Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,684 shares of the retailer's stock after selling 4,165 shares during the quarter. Johnson Financial Group Inc.'s holdings in Walmart were worth $7,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in Walmart in the fourth quarter valued at approximately $44,985,000. Virtus ETF Advisers LLC acquired a new position in shares of Walmart in the 4th quarter valued at $1,256,000. Gilder Gagnon Howe & Co. LLC boosted its holdings in Walmart by 21.9% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 67,179 shares of the retailer's stock worth $6,070,000 after buying an additional 12,059 shares in the last quarter. Coldstream Capital Management Inc. grew its position in Walmart by 1.8% during the fourth quarter. Coldstream Capital Management Inc. now owns 139,524 shares of the retailer's stock valued at $12,606,000 after buying an additional 2,506 shares during the period. Finally, UP Strategic Wealth Investment Advisors LLC increased its holdings in Walmart by 14.9% in the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 11,508 shares of the retailer's stock valued at $1,040,000 after buying an additional 1,493 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Stifel Nicolaus dropped their target price on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Oppenheimer dropped their price target on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Walmart Trading Down 0.9 %

Shares of Walmart stock traded down $0.82 on Friday, reaching $95.02. The company had a trading volume of 15,311,845 shares, compared to its average volume of 17,830,103. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market cap of $761.76 billion, a PE ratio of 39.43, a PEG ratio of 4.42 and a beta of 0.69. The firm's 50 day moving average price is $90.58 and its two-hundred day moving average price is $90.91. Walmart Inc. has a 52-week low of $58.58 and a 52-week high of $105.30.

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, topping analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 39.00%.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm'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 transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 140,533 shares of company stock worth $13,241,740. Corporate insiders own 45.58% of the company's stock.

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.