TD Capital Management LLC Sells 3,116 Shares of Walmart Inc. (NYSE:WMT)

TD Capital Management LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 13.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 19,244 shares of the retailer’s stock after selling 3,116 shares during the quarter. TD Capital Management LLC’s holdings in Walmart were worth $1,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. Jennison Associates LLC boosted its holdings in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after buying an additional 15,290,936 shares during the last quarter. FMR LLC boosted its holdings in Walmart by 12.9% during the third 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 last quarter. Bank of New York Mellon Corp boosted its holdings in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Bank of America raised 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. TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday. Stifel Nicolaus lifted their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird lifted their price objective on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $103.07.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now directly owns 375,165 shares in the company, valued at $34,691,507.55. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 188,777 shares of company stock worth $17,934,726 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $98.65 on Friday. 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 $58.20 and a 12 month high of $105.30. The stock has a 50 day moving average of $95.90 and a 200-day moving average of $87.44. The company has a market capitalization of $792.52 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued 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 company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.