Walmart Inc. (NYSE:WMT) Stock Position Cut by Keeler Thomas Management LLC

Keeler Thomas Management LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,586 shares of the retailer’s stock after selling 4,140 shares during the period. Walmart accounts for about 2.4% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 9th biggest holding. Keeler Thomas Management LLC’s holdings in Walmart were worth $6,739,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. Swedbank AB raised its position in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in Walmart by 28.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 10,221 shares of the retailer’s stock worth $825,000 after purchasing an additional 2,272 shares during the period. Amarillo National Bank raised its holdings in Walmart by 0.9% in the third quarter. Amarillo National Bank now owns 84,982 shares of the retailer’s stock worth $6,862,000 after purchasing an additional 779 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in Walmart by 7.1% during the third quarter. Capital Advisors Ltd. LLC now owns 4,123 shares of the retailer’s stock valued at $333,000 after buying an additional 274 shares during the period. Finally, Financial Management Professionals Inc. boosted its stake in Walmart by 7.5% during the third quarter. Financial Management Professionals Inc. now owns 5,232 shares of the retailer’s stock worth $422,000 after acquiring an additional 363 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $93.64 on Tuesday. The company has a market capitalization of $752.21 billion, a P/E ratio of 38.85, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $58.18 and a 1-year high of $105.30. The firm’s 50 day simple moving average is $95.60 and its two-hundred day simple moving average is $86.89. 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 (NYSE:WMT) last released its earnings results 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 194,377 shares of company stock valued at $18,231,904. 45.58% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Piper Sandler increased their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Barclays raised their price target on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Royal Bank of Canada lowered their price objective on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday. Robert W. Baird lifted their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, KeyCorp upped their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $102.43.

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.