Walmart Inc. (NYSE:WMT) Shares Sold by Townsend Asset Management Corp NC ADV

Townsend Asset Management Corp NC ADV trimmed its holdings in Walmart Inc. (NYSE:WMT) by 55.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,438 shares of the retailer’s stock after selling 6,666 shares during the quarter. Townsend Asset Management Corp NC ADV’s holdings in Walmart were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Walmart during the fourth quarter worth approximately $2,306,627,000. Promus Capital LLC acquired a new stake in shares of Walmart during the 4th quarter valued at $393,000. Vision Financial Markets LLC bought a new stake in shares of Walmart during the 4th quarter worth $588,000. Cullen Frost Bankers Inc. grew its holdings in shares of Walmart by 5.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 486,434 shares of the retailer’s stock worth $43,949,000 after acquiring an additional 23,040 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Walmart by 1.3% during the fourth quarter. Arizona State Retirement System now owns 1,284,788 shares of the retailer’s stock worth $116,081,000 after purchasing an additional 16,334 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 in the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $96.00 on Thursday. The company has a market capitalization of $771.16 billion, a PE ratio of 39.83, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 one year low of $58.56 and a one year high of $105.30. The company’s fifty day moving average price is $96.15 and its 200 day moving average price is $88.09.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping 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%. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors 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 0.98%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Truist Financial raised their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Wells Fargo & Company boosted their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $103.07.

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.