FSB Premier Wealth Management Inc. Has $772,000 Stock Position in Walmart Inc. (NYSE:WMT)

FSB Premier Wealth Management Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 5.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,548 shares of the retailer’s stock after selling 532 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Walmart were worth $772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in shares of Walmart in the fourth quarter worth about $5,737,355,000. Raymond James Financial Inc. bought a new position in Walmart in the 4th quarter valued at approximately $2,306,627,000. Jennison Associates LLC lifted its stake in Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of WMT opened at $85.08 on Monday. The firm has a market capitalization of $682.04 billion, a P/E ratio of 35.30, a P/E/G 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. The stock has a 50 day moving average price of $94.62 and a two-hundred day moving average price of $89.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during 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%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on WMT shares. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insider Buying and Selling at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $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 can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,528 shares of company stock worth $14,096,140. Insiders own 45.58% of the company’s stock.

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.