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

Cahaba Wealth Management Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,023 shares of the retailer’s stock after selling 427 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Walmart were worth $1,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in shares of Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Virtu Financial LLC bought a new position in Walmart during the 3rd quarter worth approximately $541,000. SOA Wealth Advisors LLC. grew its position in shares of Walmart by 4.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer’s stock worth $731,000 after acquiring an additional 364 shares in the last quarter. Aldebaran Financial Inc. increased its holdings in shares of Walmart by 10.9% in the 3rd quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer’s stock valued at $1,797,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $504,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $92.81 on Monday. Walmart Inc. has a twelve month low of $58.56 and a twelve 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 firm has a 50-day moving average of $92.43 and a two-hundred day moving average of $89.95. The company has a market capitalization of $744.03 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock valued at $16,785,080 over the last three months. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WMT. Royal Bank of Canada decreased their price objective on shares of Walmart from $107.00 to $102.00 and set an “outperform” rating for the company in a report on Thursday. Mizuho assumed coverage on shares of Walmart in a report on Friday. They issued an “outperform” rating and a $105.00 price target for the company. Stifel Nicolaus dropped their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Roth Mkm restated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, 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. Three equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.58.

Walmart Company 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.