Envestnet Asset Management Inc. Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Envestnet Asset Management Inc. lowered its stake in Walmart Inc. (NYSE:WMT) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,072,264 shares of the retailer’s stock after selling 238,138 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of Walmart worth $548,629,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 4.8 %

Walmart stock opened at $83.09 on Friday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The business’s fifty day moving average is $94.01 and its 200 day moving average is $89.52. The stock has a market capitalization of $666.12 billion, a PE ratio of 34.48, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued 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 yield of 1.13%. Walmart’s dividend payout ratio is currently 39.00%.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,852 shares of company stock worth $16,785,080. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

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.