Rockefeller Capital Management L.P. Sells 128,574 Shares of Walmart Inc. (NYSE:WMT)

Rockefeller Capital Management L.P. cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,546,460 shares of the retailer's stock after selling 128,574 shares during the period. Rockefeller Capital Management L.P.'s holdings in Walmart were worth $139,605,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors lifted its position in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. grew its holdings in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Bank of New Hampshire lifted its stake in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC boosted its position in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its stake in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after purchasing an additional 18,263 shares during the period. 26.76% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Citigroup restated a "positive" rating on shares of Walmart in a report on Thursday, February 20th. Guggenheim reaffirmed a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

Walmart Stock Performance

WMT traded up $2.11 on Monday, hitting $94.91. The company's stock had a trading volume of 27,735,388 shares, compared to its average volume of 17,697,855. The company's 50 day simple moving average is $92.43 and its 200-day simple moving average is $89.95. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The firm has a market cap of $760.88 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

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 analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Insider Activity at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company's stock, valued at $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. Over the last quarter, insiders sold 178,852 shares of company stock valued at $16,785,080. Company insiders own 45.58% of the company's stock.

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.