Walmart Inc. (NYSE:WMT) Shares Sold by Simplicity Wealth LLC

Simplicity Wealth LLC reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 75.6% in the 4th quarter, HoldingsChannel reports. The fund owned 12,669 shares of the retailer’s stock after selling 39,357 shares during the quarter. Simplicity Wealth LLC’s holdings in Walmart were worth $1,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at about $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Roth Mkm reissued a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, KeyCorp upped their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Stock Performance

NYSE WMT opened at $91.68 on Monday. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market capitalization of $736.46 billion, a P/E ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53. The business has a 50 day moving average price of $96.19 and a 200 day moving average price of $88.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share 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%. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal 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 issued 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 of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Walmart 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.