HBK Sorce Advisory LLC Sells 498 Shares of Walmart Inc. (NYSE:WMT)

HBK Sorce Advisory LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,465 shares of the retailer’s stock after selling 498 shares during the period. HBK Sorce Advisory LLC’s holdings in Walmart were worth $5,824,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Coyle Financial Counsel LLC raised its holdings in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. lifted its position in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC lifted its position in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Scarborough Advisors LLC lifted its position in shares of Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares during the last quarter. Finally, Dakota Community Bank & Trust NA lifted its position in shares of Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares in the company, valued at approximately $44,293,612.80. This represents a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Evercore ISI cut their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. One investment analyst has 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 a consensus rating of “Buy” and an average price target of $103.20.

Walmart Stock Down 2.7 %

Shares of WMT opened at $85.07 on Thursday. The company has a market capitalization of $683.43 billion, a P/E ratio of 35.30, a PEG 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 one year low of $58.56 and a one year high of $105.30. The business’s 50 day simple moving average is $95.96 and its 200-day simple moving average is $88.59.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS 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 business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed 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 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

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.