Alerus Financial NA Sells 4,766 Shares of Walmart Inc. (NYSE:WMT)

Alerus Financial NA cut its stake in Walmart Inc. (NYSE:WMT - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,750 shares of the retailer's stock after selling 4,766 shares during the period. Alerus Financial NA's holdings in Walmart were worth $6,392,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter valued at about $32,000. Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter worth about $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart during the 3rd quarter worth about $43,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Jefferies Financial Group raised their price target on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. 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. Truist Financial upped their price target on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.17.

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Walmart Stock Up 1.9 %

WMT traded up $1.66 during trading on Monday, reaching $86.81. 10,197,863 shares of the stock were exchanged, compared to its average volume of 16,885,841. The stock has a market cap of $695.90 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock's 50 day moving average price is $94.62 and its two-hundred day moving average price is $89.40. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

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

Walmart Announces Dividend

The firm 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 dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. Walmart's dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,528 shares of company stock worth $14,096,140. Company insiders own 45.58% of the company's stock.

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.