Hazlett Burt & Watson Inc. Sells 188 Shares of Walmart Inc. (NYSE:WMT)

Hazlett Burt & Watson Inc. lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,916 shares of the retailer’s stock after selling 188 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Walmart were worth $536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC grew its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $85.08 on Monday. The business’s fifty day moving average is $94.62 and its two-hundred day moving average is $89.40. 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 firm has a market cap of $682.04 billion, a P/E ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business 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 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Tigress Financial lifted their price target on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.17.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % 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 the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 147,528 shares of company stock worth $14,096,140 in the last quarter. Insiders own 45.58% of the company’s stock.

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.