Unigestion Holding SA Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Unigestion Holding SA decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 72.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,188 shares of the retailer’s stock after selling 156,480 shares during the period. Unigestion Holding SA’s holdings in Walmart were worth $5,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC raised its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Evercore ISI dropped their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Price Performance

WMT stock opened at $83.09 on Friday. The business’s fifty day moving average price is $94.01 and its 200 day moving average price is $89.59. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. 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 company has a market capitalization of $666.12 billion, a PE ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $178.83 billion. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.13%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 over the last 90 days. 45.58% of the stock is owned by insiders.

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.