Worth Financial Advisory Group LLC Sells 781 Shares of Walmart Inc. (NYSE:WMT)

Worth Financial Advisory Group LLC reduced its position in shares of Walmart Inc. (NYSE:WMT) by 9.1% during the fourth quarter, Holdings Channel reports. The firm owned 7,845 shares of the retailer’s stock after selling 781 shares during the period. Worth Financial Advisory Group LLC’s holdings in Walmart were worth $709,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Coyle Financial Counsel LLC lifted its position in shares of Walmart by 3.1% during the 4th 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. lifted its holdings 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 acquiring an additional 103 shares during the period. Blackston Financial Advisory Group LLC boosted its position in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Van Strum & Towne Inc. grew its stake in Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares during the period. Finally, Scarborough Advisors LLC increased its position in shares of Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. KeyCorp boosted their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Piper Sandler raised their price target 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. Evercore ISI dropped their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Stock Performance

Shares of WMT opened at $85.13 on Thursday. 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 stock has a 50-day moving average price of $94.87 and a 200-day moving average price of $89.22. The company has a market cap of $682.45 billion, a PE ratio of 35.32, a price-to-earnings-growth 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 issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 147,528 shares of company stock worth $14,096,140. 45.58% of the stock is currently 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.