Walmart Inc. (NYSE:WMT) Shares Sold by Signature Wealth Management Group

Signature Wealth Management Group lowered its stake in Walmart Inc. (NYSE:WMT) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,805 shares of the retailer’s stock after selling 336 shares during the quarter. Signature Wealth Management Group’s holdings in Walmart were worth $886,000 at the end of the most recent quarter.

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

Walmart Stock Up 0.9 %

Shares of WMT stock opened at $85.29 on Friday. The stock has a market cap of $685.19 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The stock has a fifty day moving average price of $95.74 and a 200 day moving average price of $88.71. 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 issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current 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 paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s dividend payout ratio is currently 39.00%.

Insiders Place Their Bets

In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, 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. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last three months. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on WMT. KeyCorp upped their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Wells Fargo & Company upped their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Citigroup restated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $103.20.

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.