ORBA Wealth Advisors L.L.C. Has $339,000 Stake in Walmart Inc. (NYSE:WMT)

ORBA Wealth Advisors L.L.C. reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,756 shares of the retailer’s stock after selling 510 shares during the quarter. ORBA Wealth Advisors L.L.C.’s holdings in Walmart were worth $339,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Swedbank AB lifted its position in Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after buying an additional 18,644 shares in the last quarter. Investment Partners Asset Management Inc. lifted its position in shares of Walmart by 27.7% during the third quarter. Investment Partners Asset Management Inc. now owns 5,737 shares of the retailer’s stock worth $463,000 after purchasing an additional 1,243 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Walmart by 24.1% during the third quarter. Concord Wealth Partners now owns 22,016 shares of the retailer’s stock valued at $1,778,000 after purchasing an additional 4,269 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Walmart by 1.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 54,296 shares of the retailer’s stock valued at $4,384,000 after purchasing an additional 816 shares in the last quarter. Finally, TCI Wealth Advisors Inc. lifted its holdings in Walmart by 9.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 20,591 shares of the retailer’s stock worth $1,663,000 after buying an additional 1,703 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMT. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Friday, February 21st. UBS Group cut their price objective on shares of Walmart from $113.00 to $112.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Stock Up 4.4 %

Shares of WMT stock opened at $97.81 on Wednesday. Walmart Inc. has a 1 year low of $58.18 and a 1 year high of $105.30. The firm has a market capitalization of $785.78 billion, a P/E ratio of 40.59, a PEG 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 firm’s fifty day moving average price is $95.65 and its two-hundred day moving average price is $87.10.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed 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 0.96%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,528 shares of company stock worth $13,849,185 over the last ninety days. Insiders own 45.58% of the company’s stock.

Walmart 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.