Walmart Inc. (NYSE:WMT) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,696 shares of the retailer's stock after selling 5,962 shares during the quarter. Transcend Capital Advisors LLC's holdings in Walmart were worth $3,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter worth about $27,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. lifted its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer's stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Hara Capital LLC acquired a new stake in Walmart in the third quarter valued at approximately $37,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen upped their price target on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. 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. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price target on shares of Walmart in a research report on Friday. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $102.43.

Insiders Place Their Bets

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company's stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $92.00, for a total value of $1,207,500.00. Following the completion of the sale, the executive vice president now owns 579,915 shares in the company, valued at $53,352,180. This represents a 2.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,777 shares of company stock valued at $16,570,112 in the last three months. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of NYSE:WMT traded down $2.51 during midday trading on Friday, hitting $94.70. The company's stock had a trading volume of 34,962,340 shares, compared to its average volume of 16,919,441. The company has a market cap of $760.77 billion, a P/E ratio of 38.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. Walmart Inc. has a 12-month low of $57.77 and a 12-month high of $105.30. The business's 50 day simple moving average is $95.62 and its 200 day simple moving average is $86.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 2.92% and a return on equity of 21.78%. On average, analysts forecast that Walmart Inc. will post 2.48 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is currently 34.02%.

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.