TD Private Client Wealth LLC Sells 13,377 Shares of Walmart Inc. (NYSE:WMT)

TD Private Client Wealth LLC trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,309 shares of the retailer’s stock after selling 13,377 shares during the period. TD Private Client Wealth LLC’s holdings in Walmart were worth $7,166,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the fourth quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter worth approximately $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart during the fourth quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart during the third quarter worth approximately $43,000. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada dropped their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Evercore ISI lowered their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. KeyCorp upped their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Tigress Financial upped their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Truist Financial upped their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were 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 represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,777 shares of company stock worth $18,001,116 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT stock opened at $85.78 on Friday. The stock has a market cap of $687.70 billion, a P/E ratio of 35.59, 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 company has a fifty day moving average price of $95.34 and a two-hundred day moving average price of $88.89. Walmart Inc. has a one year low of $58.56 and a one 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 analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

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.