TD Private Client Wealth LLC Sells 13,377 Shares of Walmart Inc. (NYSE:WMT)

TD Private Client Wealth LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 14.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 79,309 shares of the retailer’s stock after selling 13,377 shares during the quarter. TD Private Client Wealth LLC’s holdings in Walmart were worth $7,166,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Coyle Financial Counsel LLC grew its stake in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. grew its stake in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC grew its stake in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after buying an additional 106 shares in the last quarter. Van Strum & Towne Inc. grew its stake in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after buying an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC grew its stake in Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after buying an additional 109 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WMT shares. Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday. UBS Group restated a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Oppenheimer raised their price target 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. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Stock Performance

NYSE:WMT opened at $85.78 on Friday. The company has a fifty day moving average of $95.34 and a 200-day moving average of $88.89. The firm has a market capitalization of $687.70 billion, a P/E ratio of 35.59, a P/E/G ratio of 4.42 and a beta of 0.53. 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 twelve month low of $58.56 and a twelve month high of $105.30.

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 company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current 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 paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock worth $18,001,116 in the last quarter. 45.58% of the stock is owned by corporate 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.