Walmart Inc. (NYSE:WMT) Shares Sold by Warwick Investment Management Inc.

Warwick Investment Management Inc. decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,827 shares of the retailer’s stock after selling 372 shares during the quarter. Warwick Investment Management Inc.’s holdings in Walmart were worth $707,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in Walmart during the third quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now directly owns 460,672 shares in the company, valued at approximately $44,293,612.80. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,777 shares of company stock valued at $17,657,316. Company insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.4 %

Shares of WMT opened at $87.44 on Wednesday. The firm has a market cap of $702.40 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company’s fifty day moving average is $96.07 and its two-hundred day moving average is $88.61. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. 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 announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for 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%. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.08%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. TD Cowen increased their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets increased their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, KeyCorp increased their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $103.20.

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.