Mattern Capital Management LLC Sells 13,240 Shares of Walmart Inc. (NYSE:WMT)

Mattern Capital Management LLC decreased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,366 shares of the retailer's stock after selling 13,240 shares during the quarter. Walmart accounts for about 1.8% of Mattern Capital Management LLC's holdings, making the stock its 4th biggest position. Mattern Capital Management LLC's holdings in Walmart were worth $13,766,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Brophy Wealth Management LLC purchased a new stake in Walmart in the 3rd quarter valued at approximately $2,072,000. Bank of New Hampshire lifted its stake in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after buying an additional 5,786 shares in the last quarter. Iowa State Bank lifted its stake in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Walmart in the 3rd quarter valued at approximately $541,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares of the company's stock, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 2.6 %

Shares of WMT stock traded down $2.51 during trading hours on Friday, hitting $94.70. 34,962,340 shares of the company were exchanged, compared to its average volume of 16,919,441. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.23 and a current ratio of 0.85. Walmart Inc. has a one year low of $57.77 and a one year high of $105.30. The business's 50-day simple moving average is $95.62 and its two-hundred day simple moving average is $86.25. The stock has a market capitalization of $760.77 billion, a price-to-earnings ratio of 38.86, a P/E/G ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last issued its 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. Walmart had a net margin of 2.92% and a return on equity of 21.78%. The firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Sell-side analysts predict that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Walmart Dividend Announcement

The company 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's payout ratio is currently 34.02%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Evercore ISI increased their price target on Walmart from $94.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 3rd. Bank of America increased their price target on Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. KeyCorp increased their price target on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday. Roth Mkm reissued a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday. Finally, Stifel Nicolaus increased their price target on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $102.43.

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.