Oakwell Private Wealth Management LLC Lowers Stock Holdings in Walmart Inc. (NYSE:WMT)

Oakwell Private Wealth Management LLC lowered its stake in Walmart Inc. (NYSE:WMT) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,935 shares of the retailer’s stock after selling 104 shares during the period. Oakwell Private Wealth Management LLC’s holdings in Walmart were worth $536,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the fourth quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. lifted its holdings in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the subject of a number of research analyst reports. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Truist Financial boosted their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Robert W. Baird raised their price target on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One equities 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. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $103.07.

Insider Buying and Selling at Walmart

In other news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the sale, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This represents a 4.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’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 completion of the sale, 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. Over the last three months, insiders have sold 146,528 shares of company stock worth $13,849,185. 45.58% of the stock is owned by insiders.

Walmart Trading Up 4.4 %

Shares of WMT opened at $97.81 on Wednesday. The stock has a market cap of $785.78 billion, a PE ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12 month low of $58.18 and a 12 month high of $105.30. The stock’s 50-day moving average is $95.65 and its two-hundred day moving average is $87.10. 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 announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

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.