Walmart Inc. (NYSE:WMT) Shares Sold by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,205 shares of the retailer's stock after selling 4,114 shares during the quarter. Walmart accounts for 1.2% of AllGen Financial Advisors Inc.'s investment portfolio, making the stock its 19th biggest position. AllGen Financial Advisors Inc.'s holdings in Walmart were worth $3,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock worth $16,785,080 over the last three months. Corporate insiders own 45.58% of the company's stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Royal Bank of Canada cut their price target on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Citigroup restated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Oppenheimer lifted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.17.

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Walmart Stock Down 3.0 %

Walmart stock opened at $87.10 on Friday. The firm's 50 day moving average price is $94.25 and its two-hundred day moving average price is $89.50. The firm has a market cap of $698.23 billion, a PE ratio of 36.14, a P/E/G 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 debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is 39.00%.

Walmart Company 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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