HBK Sorce Advisory LLC Sells 498 Shares of Walmart Inc. (NYSE:WMT)

HBK Sorce Advisory LLC cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 64,465 shares of the retailer’s stock after selling 498 shares during the period. HBK Sorce Advisory LLC’s holdings in Walmart were worth $5,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in WMT. Tredje AP fonden increased its stake in Walmart by 8.6% in the fourth quarter. Tredje AP fonden now owns 2,020,189 shares of the retailer’s stock valued at $182,524,000 after acquiring an additional 160,649 shares during the last quarter. Mascoma Wealth Management LLC increased its stake in Walmart by 138.8% in the fourth quarter. Mascoma Wealth Management LLC now owns 745 shares of the retailer’s stock valued at $67,000 after acquiring an additional 433 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Walmart by 107.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 631,589 shares of the retailer’s stock valued at $57,064,000 after acquiring an additional 327,188 shares during the last quarter. Rakuten Securities Inc. increased its stake in Walmart by 88.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,661 shares of the retailer’s stock valued at $421,000 after acquiring an additional 2,186 shares during the last quarter. Finally, Avantax Advisory Services Inc. increased its stake in Walmart by 7.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 687,919 shares of the retailer’s stock valued at $62,144,000 after acquiring an additional 48,088 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

NYSE:WMT opened at $85.07 on Thursday. 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 firm has a market cap of $683.43 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a 50 day moving average price of $95.96 and a 200-day moving average price of $88.59. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 net margin of 2.85% and a return on equity of 21.87%. Equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is presently 39.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WMT. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus target price of $103.20.

About Walmart

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.