Alpha DNA Investment Management LLC Sells 43,931 Shares of Walmart Inc. (NYSE:WMT)

Alpha DNA Investment Management LLC lowered its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 73.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,718 shares of the retailer's stock after selling 43,931 shares during the quarter. Alpha DNA Investment Management LLC's holdings in Walmart were worth $1,420,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Arista Wealth Management LLC grew its position in Walmart by 3.9% in the fourth quarter. Arista Wealth Management LLC now owns 7,387 shares of the retailer's stock valued at $667,000 after acquiring an additional 277 shares during the period. Arrow Capital Pty Ltd acquired a new stake in shares of Walmart in the 4th quarter valued at $9,035,000. Arvest Bank Trust Division grew its holdings in shares of Walmart by 0.8% in the 4th quarter. Arvest Bank Trust Division now owns 202,533 shares of the retailer's stock worth $18,299,000 after purchasing an additional 1,572 shares during the last quarter. Tobias Financial Advisors Inc. increased its position in shares of Walmart by 3.3% during the 4th quarter. Tobias Financial Advisors Inc. now owns 4,721 shares of the retailer's stock worth $427,000 after purchasing an additional 153 shares in the last quarter. Finally, GKV Capital Management Co. Inc. bought a new position in Walmart during the 4th quarter valued at about $6,529,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on WMT. Mizuho assumed coverage on shares of Walmart in a research note on Friday, April 11th. They issued an "outperform" rating and a $105.00 target price for the company. Citigroup reaffirmed a "positive" rating on shares of Walmart in a report on Thursday, February 20th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. Stifel Nicolaus cut their price target on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada decreased their price target on Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Three research 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.58.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, January 23rd. The stock was 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 in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 178,782 shares of company stock worth $16,785,305 over the last three months. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

NYSE WMT traded up $1.98 during trading on Friday, reaching $93.17. 21,350,174 shares of the company's stock were exchanged, compared to its average volume of 17,834,649. 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 $746.93 billion, a P/E ratio of 38.66, a PEG ratio of 4.42 and a beta of 0.69. The business has a 50 day moving average price of $91.52 and a 200-day moving average price of $90.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. Walmart's dividend payout ratio (DPR) is 39.00%.

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.