Notis McConarty Edward Sells 170 Shares of Walmart Inc. (NYSE:WMT)

Notis McConarty Edward lessened its stake in Walmart Inc. (NYSE:WMT) by 5.3% in the 4th quarter, HoldingsChannel reports. The fund owned 3,030 shares of the retailer’s stock after selling 170 shares during the quarter. Notis McConarty Edward’s holdings in Walmart were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart during the fourth quarter worth $37,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. Robert W. Baird lifted their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Barclays restated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Walmart Trading Down 4.8 %

NYSE WMT opened at $83.09 on Friday. The company has a market cap of $666.12 billion, a PE ratio of 34.48, a PEG ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock has a 50 day moving average of $94.01 and a 200-day moving average of $89.52.

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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock worth $16,785,080 over the last 90 days. 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.