Conservest Capital Advisors Inc. Sells 229 Shares of Walmart Inc. (NYSE:WMT)

Conservest Capital Advisors Inc. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 5.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,188 shares of the retailer’s stock after selling 229 shares during the quarter. Conservest Capital Advisors Inc.’s holdings in Walmart were worth $378,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Brophy Wealth Management LLC bought a new stake in Walmart during the 3rd quarter worth approximately $2,072,000. Bank of New Hampshire grew its stake in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock worth $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank grew its stake in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Walmart by 4.6% during the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $541,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares in the company, valued at approximately $44,293,612.80. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now owns 375,165 shares in the company, valued at $34,691,507.55. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,777 shares of company stock worth $17,934,726. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.9 %

WMT opened at $98.65 on Friday. Walmart Inc. has a fifty-two week low of $58.20 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $792.52 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55. The stock has a fifty day moving average of $95.90 and a 200-day moving average of $87.44.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping 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 company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WMT. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Evercore ISI raised their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 3rd. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday. Sanford C. Bernstein increased their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $103.07.

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.