Walmart Inc. (NYSE:WMT) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC lessened its position in Walmart Inc. (NYSE:WMT - Free Report) by 12.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 157,334 shares of the retailer's stock after selling 21,564 shares during the period. Walmart makes up 1.2% of Hilton Capital Management LLC's holdings, making the stock its 19th largest position. Hilton Capital Management LLC's holdings in Walmart were worth $14,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter valued at $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter worth approximately $37,000. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares of the company's stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 over the last three months. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

Walmart stock opened at $84.36 on Friday. The stock has a market cap of $677.67 billion, a P/E ratio of 35.00, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 stock has a 50 day moving average of $95.85 and a 200-day moving average of $88.56. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

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Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 analysts' expectations of $178.83 billion. On average, analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business 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 $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. UBS Group restated a "buy" rating on shares of Walmart in a research report on Friday, February 28th. TD Cowen raised their price target on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Roth Mkm restated a "buy" rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Bank of America boosted their price target on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, November 20th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $103.20.

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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