CIBC Private Wealth Group LLC Trims Position in Walmart Inc. (NYSE:WMT)

CIBC Private Wealth Group LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,057,947 shares of the retailer’s stock after selling 4,966 shares during the period. CIBC Private Wealth Group LLC’s holdings in Walmart were worth $97,119,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coyle Financial Counsel LLC increased its position in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. raised its position in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its holdings in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares during the last quarter. Van Strum & Towne Inc. grew its position in Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC increased its stake in Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after acquiring an additional 109 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on WMT. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.17.

Walmart Stock Performance

Shares of Walmart stock opened at $85.08 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $682.04 billion, a PE ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a 50-day simple moving average of $94.62 and a two-hundred day simple moving average of $89.40. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,528 shares of company stock worth $14,096,140 in the last three months. Corporate insiders own 45.58% of the company’s stock.

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.