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

RWA Wealth Partners LLC trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 550,615 shares of the retailer’s stock after selling 129,882 shares during the period. Walmart comprises about 0.6% of RWA Wealth Partners LLC’s holdings, making the stock its 27th biggest position. RWA Wealth Partners LLC’s holdings in Walmart were worth $49,748,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter worth $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at about $32,000. Noble Wealth Management PBC purchased a new position in Walmart during the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in Walmart during the third quarter worth about $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 147,528 shares of company stock worth $14,096,140. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $85.08 on Friday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $682.04 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm’s fifty day moving average price is $94.62 and its 200 day moving average price is $89.32.

Walmart (NYSE:WMT) last released its quarterly 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 business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, February 25th. Stifel Nicolaus decreased their price objective on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. Citigroup reissued a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

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.