Walmart Inc. (NYSE:WMT) Stock Holdings Lowered by Prudential PLC

Prudential PLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 40.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,465 shares of the retailer's stock after selling 141,856 shares during the period. Prudential PLC's holdings in Walmart were worth $18,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after acquiring an additional 98 shares during the period. Coyle Financial Counsel LLC boosted its position in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. boosted its position in Walmart by 1.0% during the fourth 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 grew its holdings in Walmart by 0.7% in the fourth 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 last quarter. Finally, Van Strum & Towne Inc. raised its stake in shares of Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after buying an additional 108 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares of the company's stock, valued at $35,288,807.84. The trade was a 0.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares of the company's stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock valued at $16,785,080 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on WMT shares. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.17.

Walmart Stock Performance

Shares of NYSE:WMT traded down $0.21 during trading on Monday, reaching $82.98. 19,738,909 shares of the company's stock traded hands, compared to its average volume of 17,187,645. The stock has a market capitalization of $665.25 billion, a P/E ratio of 34.37, 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. The company has a 50 day moving average of $94.01 and a 200-day moving average of $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.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 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 analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company 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 dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 39.00%.

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.