Walmart Inc. (NYSE:WMT) Stock Position Cut by Outfitter Financial LLC

Outfitter Financial LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,630 shares of the retailer’s stock after selling 1,101 shares during the quarter. Walmart accounts for about 2.9% of Outfitter Financial LLC’s holdings, making the stock its 6th biggest holding. Outfitter Financial LLC’s holdings in Walmart were worth $3,671,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Peterson Financial Group Inc. purchased a new stake in shares of Walmart during the third quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. lifted its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter worth $32,000. Finally, Hara Capital LLC purchased a new position in Walmart in the third quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $97.22 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average is $95.62 and its two-hundred day moving average is $86.25. Walmart Inc. has a twelve month low of $57.60 and a twelve month high of $105.30. The firm has a market capitalization of $781.02 billion, a PE ratio of 39.90, a P/E/G ratio of 4.40 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Research analysts anticipate that Walmart Inc. will post 2.48 earnings per share for the current year.

Walmart Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 21st will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Walmart’s previous quarterly dividend of $0.21. Walmart’s dividend payout ratio (DPR) is currently 34.06%.

Insider Buying and Selling

In other news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % 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, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 176,777 shares of company stock valued at $16,570,112. Corporate insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of recent analyst reports. Stifel Nicolaus lifted their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Bank of America boosted their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $101.87.

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.