Walmart Inc. (NYSE:WMT) is Stifel Financial Corp's 8th Largest Position

Stifel Financial Corp lessened its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 7.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,619,493 shares of the retailer's stock after selling 873,143 shares during the period. Walmart accounts for approximately 1.1% of Stifel Financial Corp's portfolio, making the stock its 8th largest holding. Stifel Financial Corp owned approximately 0.14% of Walmart worth $1,049,825,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Optivise Advisory Services LLC grew its holdings in shares of Walmart by 4.9% during the fourth quarter. Optivise Advisory Services LLC now owns 6,062 shares of the retailer's stock worth $548,000 after buying an additional 282 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of Walmart during the fourth quarter worth $6,915,000. Wealth Dimensions Group Ltd. increased its stake in Walmart by 10.3% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 8,375 shares of the retailer's stock valued at $757,000 after purchasing an additional 783 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in Walmart by 4.5% in the fourth quarter. TD Waterhouse Canada Inc. now owns 967,904 shares of the retailer's stock valued at $87,489,000 after purchasing an additional 42,050 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Walmart by 28.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 418,189 shares of the retailer's stock worth $37,783,000 after buying an additional 91,792 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research analyst reports. 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 research note on Tuesday, February 18th. Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 target price on shares of Walmart in a research report on Thursday, April 10th. Finally, Oppenheimer lowered their price target on Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, April 7th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,782 shares of company stock worth $16,785,305. Insiders own 45.58% of the company's stock.

Walmart Stock Up 2.2 %

Shares of Walmart stock opened at $93.17 on Monday. The stock has a market capitalization of $746.93 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The business's 50 day simple moving average is $91.52 and its 200-day simple moving average is $90.40.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping 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 firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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 1.01%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 39.00%.

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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