SlateStone Wealth LLC Has $6.98 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

SlateStone Wealth LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 77,198 shares of the retailer’s stock after selling 518 shares during the period. SlateStone Wealth LLC’s holdings in Walmart were worth $6,975,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the 4th quarter worth about $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Up 0.9 %

NYSE:WMT opened at $85.29 on Friday. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a fifty day simple moving average of $95.74 and a 200-day simple moving average of $88.71. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings data 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm 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 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 dividend yield of 1.10%. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. TD Cowen lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Barclays reiterated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. UBS Group reissued a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Wells Fargo & Company upped their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $103.20.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John D. Rainey sold 38,000 shares of the business’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 value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company’s stock.

Walmart 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.