Regal Investment Advisors LLC Has $7.37 Million Holdings in Walmart Inc. (NYSE:WMT)

Regal Investment Advisors LLC decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,600 shares of the retailer's stock after selling 3,957 shares during the quarter. Regal Investment Advisors LLC's holdings in Walmart were worth $7,373,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC raised its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on WMT shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research report on Thursday, April 10th. JPMorgan Chase & Co. increased their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Raymond James dropped their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, UBS Group decreased their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Walmart Trading Up 2.2 %

WMT stock traded up $1.98 during trading on Friday, reaching $93.17. 21,350,174 shares of the stock traded hands, compared to its average volume of 17,797,031. The firm has a market capitalization of $746.93 billion, a PE ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. 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 Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The business's 50 day moving average price is $91.71 and its 200-day moving average price is $90.18.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS 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 business had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Insider Transactions at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 178,782 shares of company stock worth $16,785,305. 45.58% of the stock is currently owned by company insiders.

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.