Walmart Inc. (NYSE:WMT) Shares Sold by Keyes Stange & Wooten Wealth Management LLC

Keyes Stange & Wooten Wealth Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 2.9% in the fourth quarter, Holdings Channel reports. The firm owned 13,035 shares of the retailer’s stock after selling 393 shares during the period. Walmart accounts for 0.7% of Keyes Stange & Wooten Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Keyes Stange & Wooten Wealth Management LLC’s holdings in Walmart were worth $1,178,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC increased its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WMT shares. Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus reduced their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday. StockNews.com lowered shares of Walmart from a “buy” rating to a “hold” rating in a report on Tuesday. Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Oppenheimer lowered their target price on Walmart from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at $35,288,807.84. This represents a 0.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 2.4 %

Walmart stock opened at $92.81 on Friday. The firm has a market capitalization of $744.03 billion, a P/E ratio of 38.51, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a 50-day simple moving average of $92.43 and a 200-day simple moving average of $89.88. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last posted its 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. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

About Walmart

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.