Rowlandmiller & PARTNERS.ADV Has $17.32 Million Stock Position in Walmart Inc. (NYSE:WMT)

Rowlandmiller & PARTNERS.ADV trimmed its holdings in Walmart Inc. (NYSE:WMT) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 191,653 shares of the retailer’s stock after selling 432 shares during the quarter. Walmart accounts for about 3.6% of Rowlandmiller & PARTNERS.ADV’s investment portfolio, making the stock its 5th biggest position. Rowlandmiller & PARTNERS.ADV’s holdings in Walmart were worth $17,316,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Swedbank AB increased its stake in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Cromwell Holdings LLC increased its stake in Walmart by 1.3% during the 3rd quarter. Cromwell Holdings LLC now owns 11,819 shares of the retailer’s stock valued at $954,000 after purchasing an additional 155 shares in the last quarter. Burford Brothers Inc. increased its stake in Walmart by 3.5% during the 3rd quarter. Burford Brothers Inc. now owns 24,300 shares of the retailer’s stock valued at $1,962,000 after purchasing an additional 815 shares in the last quarter. Highland Capital Management LLC increased its stake in Walmart by 7.5% during the 3rd quarter. Highland Capital Management LLC now owns 28,519 shares of the retailer’s stock valued at $2,303,000 after purchasing an additional 2,000 shares in the last quarter. Finally, CWC Advisors LLC. bought a new stake in Walmart during the 3rd quarter valued at about $642,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 176,777 shares of company stock worth $16,570,112 over the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. KeyCorp raised their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada dropped their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and an average price target of $102.43.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.70 on Monday. 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 Inc. has a 1-year low of $57.77 and a 1-year high of $105.30. The company has a market capitalization of $760.77 billion, a P/E ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. The firm’s 50 day simple moving average is $95.63 and its two-hundred day simple moving average is $86.71.

Walmart (NYSE:WMT) last issued its quarterly earnings results 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 business 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%. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 34.44%.

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.