Walmart Inc. (NYSE:WMT) Stock Position Cut by Greystone Financial Group LLC

Greystone Financial Group LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,261 shares of the retailer’s stock after selling 6,535 shares during the period. Walmart makes up 2.6% of Greystone Financial Group LLC’s holdings, making the stock its 8th biggest holding. Greystone Financial Group LLC’s holdings in Walmart were worth $15,202,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Brophy Wealth Management LLC purchased a new position in Walmart in the third quarter valued at $2,072,000. Bank of New Hampshire boosted its stake in shares of Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the period. Iowa State Bank grew its position in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Walmart during the third quarter worth approximately $541,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WMT. Bank of America boosted their price target on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Barclays lifted their price target on Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Jefferies Financial Group raised their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.43.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on 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 directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,777 shares of company stock valued at $16,570,112 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 2.6 %

Shares of WMT stock opened at $94.70 on Friday. The company has a market capitalization of $760.77 billion, a P/E ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. 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 business’s 50 day moving average is $95.63 and its two-hundred day moving average is $86.44. Walmart Inc. has a twelve month low of $57.77 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for 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%. Equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid 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 dividend yield of 0.99%. Walmart’s dividend payout ratio (DPR) is 34.44%.

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.