Sfmg LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,700 shares of the retailer's stock after selling 2,977 shares during the period. Walmart accounts for approximately 0.8% of Sfmg LLC's investment portfolio, making the stock its 17th biggest holding. Sfmg LLC's holdings in Walmart were worth $10,363,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in Walmart during the 4th quarter valued at approximately $2,306,627,000. FMR LLC increased its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. Jennison Associates LLC raised its stake in Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock worth $2,289,419,000 after acquiring an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC grew its stake in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Walmart
In other news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,777 shares of company stock worth $18,001,116 in the last ninety days. 45.58% of the stock is owned by insiders.
Walmart Price Performance
NYSE WMT traded down $2.80 during trading hours on Tuesday, hitting $84.69. 27,873,027 shares of the company's stock traded hands, compared to its average volume of 15,966,685. The company has a market capitalization of $678.95 billion, a PE ratio of 35.14, a PEG ratio of 4.42 and a beta of 0.53. 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 firm's 50-day moving average is $95.00 and its 200-day moving average is $89.25.
Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $178.83 billion. Equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
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 1.11%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Piper Sandler lifted 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. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Oppenheimer boosted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus cut their price target on Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a research report on Thursday, March 20th. Two 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.17.
Read Our Latest Analysis on Walmart
Walmart Company Profile
(
Free Report)
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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