Front Row Advisors LLC Decreases Position in Walmart Inc. (NYSE:WMT)

Front Row Advisors LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,230 shares of the retailer’s stock after selling 194 shares during the quarter. Walmart accounts for about 1.2% of Front Row Advisors LLC’s portfolio, making the stock its 21st largest position. Front Row Advisors LLC’s holdings in Walmart were worth $3,371,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC purchased a new stake in shares of Walmart during the third quarter valued at $2,072,000. Candriam S.C.A. raised its position in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after buying an additional 599,257 shares during the last quarter. Bank of New Hampshire lifted 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 purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC grew its position in Walmart by 4.8% during 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 during the period. Finally, Iowa State Bank raised its stake 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 buying an additional 18,263 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Piper Sandler lifted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Guggenheim reiterated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Truist Financial increased their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated 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 sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is owned by insiders.

Walmart Stock Up 3.3 %

Walmart stock opened at $87.94 on Tuesday. The stock 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 company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock’s fifty day moving average is $94.54 and its two-hundred day moving average is $89.46. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly 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. 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 expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared 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 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

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.