Walmart Inc. (NYSE:WMT) Shares Sold by Payden & Rygel

Payden & Rygel lowered its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 243,300 shares of the retailer's stock after selling 13,500 shares during the quarter. Walmart makes up approximately 1.9% of Payden & Rygel's holdings, making the stock its 12th biggest position. Payden & Rygel's holdings in Walmart were worth $21,982,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WMT. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC grew its position in shares of Walmart by 3.1% during the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. increased its stake in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after purchasing an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC increased 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 worth $1,417,000 after purchasing an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. raised its holdings in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after purchasing an additional 108 shares during the period. Institutional investors own 26.76% of the company's stock.

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Insider Activity

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction 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 transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.5 %

Shares of NYSE:WMT traded up $0.46 on Monday, hitting $83.65. 36,845,575 shares of the company's stock were exchanged, compared to its average volume of 17,253,380. The business's 50 day simple moving average is $94.01 and its two-hundred day simple moving average is $89.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $670.59 billion, a price-to-earnings ratio of 34.71, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.12%. Walmart's payout ratio is currently 39.00%.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent research reports. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Evercore ISI dropped their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Citigroup reissued a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average price target of $103.17.

Walmart Company 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.