Walmart Inc. (NYSE:WMT) Holdings Trimmed by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,424 shares of the retailer's stock after selling 12,447 shares during the quarter. Sterling Capital Management LLC's holdings in Walmart were worth $6,001,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Elios Financial Group Inc. increased its holdings in Walmart by 28.5% during the 4th quarter. Elios Financial Group Inc. now owns 3,407 shares of the retailer's stock worth $308,000 after purchasing an additional 756 shares during the period. Hobbs Wealth Management LLC bought a new position in shares of Walmart during the 4th quarter worth $427,000. Coign Capital Advisors LLC purchased a new position in shares of Walmart during the fourth quarter valued at $673,000. Glass Jacobson Investment Advisors llc raised its holdings in shares of Walmart by 27.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 7,649 shares of the retailer's stock valued at $691,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Heritage Trust Co purchased a new stake in Walmart in the fourth quarter worth about $14,453,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

WMT traded up $2.11 on Monday, reaching $94.91. The company had a trading volume of 27,735,388 shares, compared to its average volume of 17,697,855. The stock has a market capitalization of $760.88 billion, a PE ratio of 39.38, a P/E/G ratio of 4.42 and a beta of 0.69. 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 1 year low of $58.56 and a 1 year high of $105.30. The stock has a 50-day moving average price of $92.43 and a 200-day moving average price of $89.95.

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Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on WMT shares. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday. Robert W. Baird boosted their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Raymond James dropped their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Roth Mkm reiterated a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.58.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55 % decrease in their position. The sale 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 business'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 in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is owned by 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.