Prudent Man Advisors LLC Sells 1,059 Shares of Walmart Inc. (NYSE:WMT)

Prudent Man Advisors LLC lessened its holdings in Walmart Inc. (NYSE:WMT) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,376 shares of the retailer’s stock after selling 1,059 shares during the quarter. Prudent Man Advisors LLC’s holdings in Walmart were worth $1,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Coyle Financial Counsel LLC grew its holdings in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after buying an additional 102 shares during the period. SC&H Financial Advisors Inc. lifted its position in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC increased its stake in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the last quarter. Scarborough Advisors LLC grew its stake in Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after buying an additional 109 shares during the last quarter. Finally, Dakota Community Bank & Trust NA grew its stake in Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock valued at $260,000 after buying an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Citigroup reiterated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. KeyCorp raised their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Roth Mkm restated a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, TD Cowen raised their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $103.07.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % 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 Walmart stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,777 shares of company stock valued at $17,934,726 in the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 1.9 %

Walmart stock opened at $98.65 on Friday. Walmart Inc. has a 12 month low of $58.20 and a 12 month high of $105.30. The stock has a market cap of $792.52 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The business has a 50 day moving average price of $95.90 and a two-hundred day moving average price of $87.44. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for 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%. As a group, equities 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. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 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.