Skandinaviska Enskilda Banken AB publ Trims Position in Walmart Inc. (NYSE:WMT)

Skandinaviska Enskilda Banken AB publ decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,143,827 shares of the retailer's stock after selling 79,955 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Walmart were worth $103,631,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the fourth quarter worth about $25,000. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction 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 directly owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 over the last 90 days. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT opened at $85.07 on Thursday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The firm has a market cap of $683.43 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm's 50 day simple moving average is $95.96 and its 200-day simple moving average is $88.59. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on WMT shares. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Evercore ISI decreased their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wells Fargo & Company raised their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $103.20.

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.

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