Walmart Inc. (NYSE:WMT) Shares Sold by Midland Wealth Advisors LLC

Midland Wealth Advisors LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,216 shares of the retailer’s stock after selling 1,520 shares during the quarter. Midland Wealth Advisors LLC’s holdings in Walmart were worth $3,001,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Trading Down 3.1 %

NYSE:WMT opened at $91.68 on Monday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm has a market cap of $736.46 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $96.19 and a 200 day moving average price of $88.44.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.03%. Walmart’s payout ratio is 39.00%.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on WMT. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Sanford C. Bernstein raised their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Bank of America boosted their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. One equities research 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. According to MarketBeat, Walmart currently has a consensus 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.