Personal CFO Solutions LLC Trims Holdings in Walmart Inc. (NYSE:WMT)

Personal CFO Solutions LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,835 shares of the retailer’s stock after selling 370 shares during the quarter. Personal CFO Solutions LLC’s holdings in Walmart were worth $1,521,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart in the 4th quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the sale, the executive vice president now directly owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This trade represents a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $91.68 on Friday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The stock has a market capitalization of $736.46 billion, a P/E ratio of 38.04, a P/E/G ratio of 4.42 and a beta of 0.53. The firm’s 50-day moving average is $96.19 and its two-hundred day moving average is $88.35. 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 quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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 given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.03%. Walmart’s dividend payout ratio is presently 39.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on WMT. Robert W. Baird upped their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. One investment 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 data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $103.07.

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.