Jacobi Capital Management LLC Sells 1,519 Shares of Walmart Inc. (NYSE:WMT)

Jacobi Capital Management LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,049 shares of the retailer’s stock after selling 1,519 shares during the period. Walmart makes up about 0.8% of Jacobi Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Jacobi Capital Management LLC’s holdings in Walmart were worth $11,027,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Swedbank AB lifted its position in shares of Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares in the last quarter. Financial Advocates Investment Management boosted its position in Walmart by 2.5% in the 3rd quarter. Financial Advocates Investment Management now owns 19,299 shares of the retailer’s stock valued at $1,558,000 after buying an additional 464 shares during the last quarter. Goldstone Financial Group LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at $367,000. Baron Silver Stevens Financial Advisors LLC boosted its holdings in Walmart by 3.9% in the third quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,493 shares of the retailer’s stock valued at $605,000 after acquiring an additional 284 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $86,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 188,777 shares of company stock valued at $17,934,726 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 1.9 %

Shares of NYSE WMT opened at $98.65 on Friday. The stock has a market cap of $792.52 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52-week low of $58.20 and a 52-week high of $105.30. The firm has a 50 day moving average price of $95.90 and a two-hundred day moving average price of $87.44. 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 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 firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, equities analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. Walmart’s payout ratio is currently 39.00%.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research note on Tuesday, December 3rd. Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. KeyCorp lifted their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target 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.