Boston Family Office LLC Reduces Holdings in Walmart Inc. (NYSE:WMT)

Boston Family Office LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,339 shares of the retailer’s stock after selling 503 shares during the period. Boston Family Office LLC’s holdings in Walmart were worth $1,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Brophy Wealth Management LLC purchased a new position in shares of Walmart during the 3rd quarter valued at about $2,072,000. Candriam S.C.A. grew its holdings in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Bank of New Hampshire raised its position in Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Modera Wealth Management LLC boosted its position in Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank increased its holdings in shares of Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after purchasing an additional 18,263 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. Truist Financial lifted their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Stifel Nicolaus reduced their price objective on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. Finally, Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Walmart Trading Up 3.3 %

NYSE WMT opened at $87.94 on Tuesday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The firm has a market cap of $704.97 billion, a PE ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53. The firm’s fifty day moving average is $94.54 and its two-hundred day moving average is $89.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company 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 expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company 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 $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart’s dividend payout ratio is currently 39.00%.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 176,652 shares of company stock worth $16,590,028. 45.58% of the stock is owned by insiders.

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.