Walmart Inc. (NYSE:WMT) Stake Lowered by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,179 shares of the retailer’s stock after selling 172 shares during the period. One Charles Private Wealth Services LLC’s holdings in Walmart were worth $829,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Gutierrez Wealth Advisory LLC acquired a new position in Walmart in the 4th quarter worth about $3,420,000. Truepoint Inc. bought a new stake in shares of Walmart in the 4th quarter valued at approximately $271,000. Ballast Advisors LLC grew its stake in shares of Walmart by 3.8% in the 4th quarter. Ballast Advisors LLC now owns 6,746 shares of the retailer’s stock valued at $610,000 after buying an additional 250 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in Walmart by 1.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 141,836 shares of the retailer’s stock worth $12,815,000 after buying an additional 2,389 shares during the last quarter. Finally, Holderness Investments Co. raised its position in Walmart by 0.4% during the fourth quarter. Holderness Investments Co. now owns 39,125 shares of the retailer’s stock valued at $3,535,000 after acquiring an additional 168 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Trading Down 0.6 %

Shares of WMT stock opened at $85.78 on Friday. The firm has a fifty day moving average of $95.34 and a 200-day moving average of $88.89. The stock has a market cap of $687.70 billion, a price-to-earnings ratio of 35.59, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52-week low of $58.56 and a 52-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.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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 paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI decreased their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus cut their price objective on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 189,777 shares of company stock worth $18,001,116 over the last three months. Company insiders own 45.58% of the company’s stock.

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.