PFG Advisors Has $2.84 Million Holdings in Walmart Inc. (NYSE:WMT)

PFG Advisors cut its position in Walmart Inc. (NYSE:WMT - Free Report) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,376 shares of the retailer's stock after selling 3,255 shares during the quarter. PFG Advisors' holdings in Walmart were worth $2,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter valued at $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the 3rd quarter worth $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter worth $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMT shares. Royal Bank of Canada decreased their price target on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Oppenheimer raised their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart currently has a consensus rating of "Buy" and an average target price of $103.20.

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Walmart Trading Down 2.7 %

Shares of NYSE WMT opened at $85.07 on Thursday. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market cap of $683.43 billion, a PE ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average of $95.96 and a two-hundred day moving average of $88.59.

Walmart (NYSE:WMT - Get Free Report) last announced its 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 during the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is 39.00%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company's stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last quarter. 45.58% of the stock is owned by company insiders.

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.

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