Larson Financial Group LLC Cuts Holdings in Walmart Inc. (NYSE:WMT)

Larson Financial Group LLC lowered its position in Walmart Inc. (NYSE:WMT) by 12.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 33,776 shares of the retailer’s stock after selling 4,749 shares during the quarter. Larson Financial Group LLC’s holdings in Walmart were worth $3,052,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blankinship & Foster LLC acquired a new position in shares of Walmart in the 4th quarter valued at about $288,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Walmart during the 4th quarter worth approximately $5,358,000. Machina Capital S.A.S. acquired a new position in Walmart during the fourth quarter valued at approximately $338,000. RKL Wealth Management LLC grew its stake in Walmart by 0.5% during the fourth quarter. RKL Wealth Management LLC now owns 29,524 shares of the retailer’s stock worth $2,667,000 after buying an additional 142 shares during the period. Finally, Oak Hill Wealth Advisors LLC grew its stake in Walmart by 205.3% during the fourth quarter. Oak Hill Wealth Advisors LLC now owns 7,966 shares of the retailer’s stock worth $720,000 after buying an additional 15,533 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $91.68 on Friday. The company has a market cap of $736.46 billion, a PE ratio of 38.04, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm has a 50-day simple moving average of $96.19 and a 200 day simple moving average of $88.26. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. KeyCorp boosted their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Evercore ISI increased their price objective on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and a consensus target price of $103.07.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The shares were 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 directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by company 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.