RWA Wealth Partners LLC Trims Stock Holdings in Walmart Inc. (NYSE:WMT)

RWA Wealth Partners LLC decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 550,615 shares of the retailer's stock after selling 129,882 shares during the quarter. Walmart makes up 0.6% of RWA Wealth Partners LLC's investment portfolio, making the stock its 27th biggest holding. RWA Wealth Partners LLC's holdings in Walmart were worth $49,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter worth about $25,000. Fiduciary Advisors Inc. bought a new position in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart during the fourth quarter worth about $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Walmart during the 3rd quarter valued at $43,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,652 shares of company stock worth $16,590,028. Company insiders own 45.58% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on WMT. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Evercore ISI lowered their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Roth Mkm reissued a "buy" rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Two research 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

Walmart Price Performance

Shares of Walmart stock traded up $2.79 during trading on Monday, hitting $87.94. 30,255,294 shares of the stock traded hands, compared to its average volume of 16,963,814. The stock has a market cap of $704.97 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 4.42 and a beta of 0.53. 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 52 week low of $58.56 and a 52 week high of $105.30. The firm's fifty day moving average is $94.62 and its 200-day moving average is $89.40.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating 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. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart's payout ratio is currently 39.00%.

Walmart 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.