Walmart Inc. (NYSE:WMT) Shares Sold by LM Advisors LLC

LM Advisors LLC decreased its stake in Walmart Inc. (NYSE:WMT - Free Report) by 23.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,020 shares of the retailer's stock after selling 10,545 shares during the period. LM Advisors LLC's holdings in Walmart were worth $3,081,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in WMT. Coyle Financial Counsel LLC increased its stake in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. raised its stake in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after purchasing an additional 106 shares during the period. Van Strum & Towne Inc. lifted its position in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after buying an additional 108 shares during the period. Finally, Scarborough Advisors LLC lifted its position in Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock valued at $505,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on WMT shares. Truist Financial upped their price objective on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Telsey Advisory Group reissued an "outperform" rating on shares of Walmart in a report on Friday, February 28th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Finally, Evercore ISI dropped their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $103.17.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,528 shares of company stock worth $14,096,140. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Down 0.6 %

WMT stock traded down $0.55 during midday trading on Friday, reaching $85.08. The company's stock had a trading volume of 14,780,407 shares, compared to its average volume of 16,910,594. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The firm has a market capitalization of $682.04 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The stock has a fifty day simple moving average of $94.62 and a two-hundred day simple moving average of $89.32. 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

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.