Walmart Inc. (NYSE:WMT) Shares Sold by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA trimmed its position in Walmart Inc. (NYSE:WMT - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,824 shares of the retailer's stock after selling 3,285 shares during the quarter. Walmart comprises approximately 1.4% of Mitchell Sinkler & Starr PA's holdings, making the stock its 25th biggest position. Mitchell Sinkler & Starr PA's holdings in Walmart were worth $5,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Walmart in the third quarter worth $270,000. Providence Wealth Advisors LLC boosted its position in shares of Walmart by 0.3% during the third quarter. Providence Wealth Advisors LLC now owns 43,549 shares of the retailer's stock worth $3,591,000 after acquiring an additional 122 shares during the last quarter. Skye Global Management LP grew its stake in Walmart by 252.5% during the third quarter. Skye Global Management LP now owns 104,000 shares of the retailer's stock valued at $8,398,000 after acquiring an additional 74,500 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its holdings in Walmart by 5.2% in the 3rd quarter. Icon Wealth Advisors LLC now owns 18,054 shares of the retailer's stock valued at $1,458,000 after acquiring an additional 885 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WMT. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a research report on Friday, February 28th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Guggenheim reiterated 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 boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Finally, Citigroup reaffirmed a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.17.

Walmart Stock Up 3.3 %

NYSE WMT traded up $2.79 on Monday, reaching $87.94. 20,738,886 shares of the stock traded hands, compared to its average volume of 16,963,694. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a market cap of $704.97 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 4.42 and a beta of 0.53. The company has a fifty day moving average price of $94.62 and a 200-day moving average price of $89.40. 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 released its quarterly earnings data 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. The company had revenue of $180.55 billion during 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%. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction 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 represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,528 shares of company stock worth $14,096,140 over the last 90 days. Company 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.