Sfmg LLC Lowers Position in Walmart Inc. (NYSE:WMT)

Sfmg LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,700 shares of the retailer’s stock after selling 2,977 shares during the period. Walmart makes up about 0.8% of Sfmg LLC’s investment portfolio, making the stock its 17th largest position. Sfmg LLC’s holdings in Walmart were worth $10,363,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. FPC Investment Advisory Inc. bought a new position in Walmart during the fourth quarter valued at $25,000. Fiduciary Advisors Inc. bought a new position in Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in Walmart during the fourth quarter valued at $32,000. Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of Walmart in the third quarter worth about $43,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. KeyCorp upped their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Evercore ISI cut their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Finally, Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Stock Up 0.1 %

Shares of NYSE:WMT opened at $85.94 on Friday. The business has a 50-day moving average price of $95.19 and a 200 day moving average price of $88.95. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations 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 year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 189,777 shares of company stock worth $18,001,116. 45.58% of the stock is owned by insiders.

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.