Roberts Glore & Co. Inc. IL Sells 1,960 Shares of Walmart Inc. (NYSE:WMT)

Roberts Glore & Co. Inc. IL cut its stake in Walmart Inc. (NYSE:WMT) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,189 shares of the retailer’s stock after selling 1,960 shares during the quarter. Walmart accounts for about 1.1% of Roberts Glore & Co. Inc. IL’s investment portfolio, making the stock its 18th largest holding. Roberts Glore & Co. Inc. IL’s holdings in Walmart were worth $3,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new stake in Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Walmart stock opened at $91.68 on Friday. The company has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53. The firm’s fifty day moving average is $96.19 and its 200 day moving average is $88.35. 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 Inc. has a 52-week low of $58.56 and a 52-week high of $105.30.

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

Walmart Dividend Announcement

The firm 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 dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, 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 transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last quarter. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. UBS Group restated a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target of $103.07.

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.