Wambolt & Associates LLC Sells 11,546 Shares of Walmart Inc. (NYSE:WMT)

Wambolt & Associates LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,116 shares of the retailer's stock after selling 11,546 shares during the period. Walmart comprises about 1.5% of Wambolt & Associates LLC's portfolio, making the stock its 15th largest position. Wambolt & Associates LLC's holdings in Walmart were worth $4,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter valued at $32,000. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart during the 3rd quarter worth about $43,000. 26.76% of the stock is owned by institutional investors.

Walmart Price Performance

WMT stock traded up $0.51 during midday trading on Thursday, reaching $85.72. The company had a trading volume of 8,617,601 shares, compared to its average volume of 16,026,165. The company has a market capitalization of $687.20 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The stock has a 50 day moving average price of $94.87 and a 200-day moving average price of $89.22.

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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, beating analysts' consensus estimates 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 the consensus estimate of $178.83 billion. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current 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 paid 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 1.10%. Walmart's payout ratio is presently 39.00%.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,528 shares of company stock worth $14,096,140 in the last 90 days. Insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on WMT. JPMorgan Chase & Co. raised their price target on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Stifel Nicolaus decreased their target price on shares of Walmart from $99.00 to $93.00 and set a "hold" rating for the company in a research note on Thursday, March 20th. Wells Fargo & Company upped their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Finally, KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

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.