Level Four Advisory Services LLC Sells 7,531 Shares of Walmart Inc. (NYSE:WMT)

Level Four Advisory Services LLC lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 170,018 shares of the retailer's stock after selling 7,531 shares during the period. Walmart comprises about 0.6% of Level Four Advisory Services LLC's portfolio, making the stock its 24th biggest position. Level Four Advisory Services LLC's holdings in Walmart were worth $15,361,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter valued at $25,000. Fiduciary Advisors Inc. bought a new position in Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth about $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walmart in the third quarter valued at about $43,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of WMT stock traded up $1.66 during trading on Monday, hitting $86.81. The company's stock had a trading volume of 10,197,863 shares, compared to its average volume of 16,885,841. The business has a fifty day moving average of $94.62 and a 200-day moving average of $89.40. 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 52 week low of $58.56 and a 52 week high of $105.30. The company has a market cap of $695.90 billion, a PE ratio of 36.02, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid 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 1.08%. Walmart's payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on WMT. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a report on Tuesday, February 25th. UBS Group reissued a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Royal Bank of Canada decreased their target price on Walmart from $109.00 to $107.00 and set an "outperform" rating for the company in a research note on Friday, February 21st. Finally, Guggenheim restated a "buy" rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Walmart has an average rating of "Moderate Buy" and an average target price of $103.17.

Insider Buying and Selling

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares of the company's stock, valued at $44,293,612.80. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is owned by company insiders.

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.