Brown Financial Advisors Sells 3,211 Shares of Walmart Inc. (NYSE:WMT)

Brown Financial Advisors lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 13.1% during the fourth quarter, Holdings Channel reports. The firm owned 21,309 shares of the retailer’s stock after selling 3,211 shares during the period. Brown Financial Advisors’ holdings in Walmart were worth $1,925,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of WMT. Jennison Associates LLC raised its position in shares of Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC boosted its holdings in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the period. Geode Capital Management LLC grew its stake in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Fisher Asset Management LLC lifted its position in 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 during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Walmart by 53.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,820,606 shares of the retailer’s stock valued at $470,014,000 after acquiring an additional 2,018,271 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $93.64 on Tuesday. The stock has a market capitalization of $752.21 billion, a P/E ratio of 38.85, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. 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 1 year low of $58.18 and a 1 year high of $105.30. The firm has a 50 day moving average of $95.60 and a 200-day moving average of $86.89.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm 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%. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Tigress Financial lifted their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. DZ Bank lowered shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Finally, Truist Financial upped their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

Insider Buying and Selling at Walmart

In other news, 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 value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 194,377 shares of company stock worth $18,231,904. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.