Kellett Wealth Advisors LLC Sells 807 Shares of Walmart Inc. (NYSE:WMT)

Kellett Wealth Advisors LLC lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 15.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,317 shares of the retailer’s stock after selling 807 shares during the quarter. Kellett Wealth Advisors LLC’s holdings in Walmart were worth $390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the 3rd quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter worth approximately $32,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 146,528 shares of company stock valued at $13,849,185 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent analyst reports. KeyCorp increased 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. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Walmart in a report on Friday, February 21st. Barclays lifted their target price on Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. 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 stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $103.07.

Walmart Stock Up 4.4 %

Shares of NYSE WMT opened at $97.81 on Wednesday. Walmart Inc. has a 12-month low of $58.18 and a 12-month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market cap of $785.78 billion, a PE ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a 50-day moving average of $95.65 and a 200 day moving average of $87.10.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm 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 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 yield of 0.96%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.