Walmart Inc. (NYSE:WMT) is Weik Capital Management’s 6th Largest Position

Weik Capital Management reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,740 shares of the retailer’s stock after selling 2,770 shares during the quarter. Walmart makes up about 3.8% of Weik Capital Management’s holdings, making the stock its 6th biggest holding. Weik Capital Management’s holdings in Walmart were worth $9,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after buying an additional 2,050,683 shares during the period. Geode Capital Management LLC grew its holdings in Walmart by 3.3% in the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. Norges Bank bought a new position in shares of Walmart during the fourth quarter valued at approximately $5,737,355,000. Fisher Asset Management LLC boosted its position in shares of Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after buying an additional 1,480,927 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.5 %

WMT opened at $85.62 on Friday. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. 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 stock has a market cap of $686.37 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm’s fifty day moving average is $94.76 and its 200 day moving average is $89.20.

Walmart (NYSE:WMT) last released 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. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred 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 sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal 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 that occurred on Thursday, January 23rd. The shares were 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 owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 147,528 shares of company stock valued at $14,096,140. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WMT shares. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. Oppenheimer increased their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Finally, Robert W. Baird increased their target price on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $103.17.

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.