Capital Wealth Planning LLC Cuts Stake in Walmart Inc. (NYSE:WMT)

Capital Wealth Planning LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 98.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,483 shares of the retailer’s stock after selling 4,401,382 shares during the quarter. Capital Wealth Planning LLC’s holdings in Walmart were worth $5,645,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. purchased a new position in Walmart during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,777 shares of company stock worth $17,934,726. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.9 %

WMT opened at $98.65 on Friday. Walmart Inc. has a 52 week low of $58.20 and a 52 week high of $105.30. The business has a fifty day simple moving average of $95.90 and a 200-day simple moving average of $87.58. The firm has a market cap of $792.52 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Bank of America raised their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research note on Friday. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and a consensus target price of $103.07.

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.