OneAscent Wealth Management LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,991 shares of the retailer's stock after selling 5,377 shares during the quarter. OneAscent Wealth Management LLC's holdings in Walmart were worth $632,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Allstate Corp grew its position in shares of Walmart by 3,209.3% in the fourth quarter. Allstate Corp now owns 131,380 shares of the retailer's stock valued at $11,870,000 after purchasing an additional 127,410 shares during the period. Brown Brothers Harriman & Co. grew its holdings in Walmart by 4.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 203,511 shares of the retailer's stock valued at $18,387,000 after buying an additional 9,185 shares during the period. RiverFront Investment Group LLC increased its stake in shares of Walmart by 5.6% during the 4th quarter. RiverFront Investment Group LLC now owns 577,301 shares of the retailer's stock valued at $52,159,000 after acquiring an additional 30,405 shares during the last quarter. Horizon Investment Services LLC boosted its position in shares of Walmart by 28.5% in the fourth quarter. Horizon Investment Services LLC now owns 3,536 shares of the retailer's stock worth $319,000 after acquiring an additional 785 shares during the last quarter. Finally, DnB Asset Management AS grew its holdings in Walmart by 19.0% in the fourth quarter. DnB Asset Management AS now owns 1,482,017 shares of the retailer's stock valued at $133,900,000 after purchasing an additional 236,790 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.
Insider Transactions at Walmart
In related news, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,652 shares of company stock worth $16,590,028. Company insiders own 45.58% of the company's stock.
Walmart Stock Performance
WMT stock traded up $1.00 during midday trading on Tuesday, reaching $88.79. The company had a trading volume of 9,620,665 shares, compared to its average volume of 20,237,268. The firm has a market capitalization of $711.82 billion, a PE ratio of 36.84, a P/E/G ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average price of $94.54 and a 200 day moving average price of $89.46. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. 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 (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 analyst estimates of $178.83 billion. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.06%. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Citigroup reissued a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a report on Friday, February 28th. Two analysts have 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 MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.
Check Out Our Latest Research Report on Walmart
Walmart Company Profile
(
Free Report)
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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