Motley Fool Wealth Management LLC Has $2.98 Million Stock Position in Walmart Inc. (NYSE:WMT)

Motley Fool Wealth Management LLC lessened its stake in Walmart Inc. (NYSE:WMT) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 32,925 shares of the retailer’s stock after selling 3,487 shares during the period. Motley Fool Wealth Management LLC’s holdings in Walmart were worth $2,979,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter worth $32,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,777 shares of company stock valued at $18,001,116. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on WMT shares. Royal Bank of Canada reduced their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Finally, Piper Sandler increased their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Walmart Trading Down 3.2 %

Walmart stock opened at $84.69 on Wednesday. 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 50-day simple moving average of $95.00 and a 200 day simple moving average of $89.25. The stock has a market capitalization of $678.95 billion, a P/E ratio of 35.14, a PEG 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 posted its earnings results 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 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.