Main Street Financial Solutions LLC Reduces Stock Holdings in Walmart Inc. (NYSE:WMT)

Main Street Financial Solutions LLC lowered its stake in Walmart Inc. (NYSE:WMT - Free Report) by 45.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,544 shares of the retailer's stock after selling 13,203 shares during the quarter. Main Street Financial Solutions LLC's holdings in Walmart were worth $1,404,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Finer Wealth Management Inc. lifted its holdings in Walmart by 1.9% during the 4th quarter. Finer Wealth Management Inc. now owns 48,133 shares of the retailer's stock worth $4,349,000 after purchasing an additional 890 shares during the last quarter. Stenger Family Office LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $1,718,000. Acorns Advisers LLC raised its holdings in Walmart by 4.7% in the 4th quarter. Acorns Advisers LLC now owns 7,469 shares of the retailer's stock valued at $675,000 after acquiring an additional 332 shares in the last quarter. Finward Bancorp bought a new position in Walmart in the 4th quarter valued at about $444,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Walmart in the 4th quarter valued at $226,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Up 2.2 %

WMT stock traded up $1.98 during trading on Friday, hitting $93.17. The company had a trading volume of 21,350,174 shares, compared to its average volume of 17,819,973. The company has a 50 day simple moving average of $91.52 and a 200-day simple moving average of $90.26. 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 52-week low of $58.56 and a 52-week high of $105.30. The firm 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.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 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 company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.01%. Walmart's dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial upped their price target on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird boosted their price target on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Royal Bank of Canada cut their target price on Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Three equities 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 company's stock. Based on data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and an average price target of $103.58.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was 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 directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,782 shares of company stock valued at $16,785,305. Corporate insiders own 45.58% of the company's stock.

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.