Dearborn Partners LLC Has $44.21 Million Stake in Walmart Inc. (NYSE:WMT)

Dearborn Partners LLC decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 489,327 shares of the retailer's stock after selling 7,956 shares during the period. Walmart accounts for about 1.9% of Dearborn Partners LLC's holdings, making the stock its 11th biggest position. Dearborn Partners LLC's holdings in Walmart were worth $44,211,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Riverbend Wealth Management LLC purchased a new position in Walmart during the fourth quarter valued at approximately $1,091,000. Davis R M Inc. grew its stake in Walmart by 1.8% during the fourth quarter. Davis R M Inc. now owns 12,775 shares of the retailer's stock valued at $1,154,000 after acquiring an additional 227 shares in the last quarter. Claris Advisors LLC MO grew its stake in Walmart by 6.6% during the fourth quarter. Claris Advisors LLC MO now owns 6,465 shares of the retailer's stock valued at $584,000 after acquiring an additional 400 shares in the last quarter. Clare Market Investments LLC purchased a new position in Walmart during the fourth quarter valued at approximately $1,115,000. Finally, Vista Investment Partners II LLC purchased a new position in Walmart during the fourth quarter valued at approximately $754,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded down $0.39 during trading on Tuesday, reaching $87.44. The company's stock had a trading volume of 28,677,732 shares, compared to its average volume of 15,795,300. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a market capitalization of $702.40 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business has a 50 day moving average price of $96.07 and a 200-day moving average price of $88.61.

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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, beating analysts' consensus estimates of $0.64 by $0.02. The firm 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%. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Bank of America lifted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, December 13th. StockNews.com lowered shares of Walmart from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, November 20th. Finally, Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $103.20.

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.