Vestcor Inc Has $40.91 Million Stock Position in Walmart Inc. (NYSE:WMT)

Vestcor Inc lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 452,774 shares of the retailer's stock after selling 16,178 shares during the quarter. Walmart comprises approximately 1.4% of Vestcor Inc's holdings, making the stock its 6th largest position. Vestcor Inc's holdings in Walmart were worth $40,908,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter valued at approximately $37,000. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 sale, the chief executive officer now directly owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares in the company, valued at $44,293,612.80. This represents a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,777 shares of company stock valued at $17,657,316. Company insiders own 45.58% of the company's stock.

Walmart Trading Down 2.7 %

WMT stock opened at $85.07 on Thursday. The business has a fifty day moving average price of $95.96 and a 200 day moving average price of $88.59. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The stock has a market capitalization of $683.43 billion, a price-to-earnings ratio of 35.30, a P/E/G 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.

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Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on WMT shares. KeyCorp increased their target price on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Evercore ISI reduced their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday. Robert W. Baird raised their price objective on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Roth Mkm reiterated a "buy" rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Bank of America raised their price objective on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $103.20.

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.

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