Walmart Inc. (NYSE:WMT) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC cut its position in Walmart Inc. (NYSE:WMT) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,779 shares of the retailer’s stock after selling 3,825 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Walmart were worth $4,226,000 as of its most recent filing with the Securities and Exchange Commission.

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

Walmart Stock Down 0.8 %

WMT opened at $93.97 on Wednesday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The business has a 50 day moving average price of $92.10 and a two-hundred day moving average price of $90.09. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $753.38 billion, a PE ratio of 38.99, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company 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 1.00%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Thursday, April 10th. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Raymond James dropped their target price on Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $103.58.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Tuesday, April 1st. The stock was 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 owns 398,024 shares of the company’s stock, valued at $35,288,807.84. The trade was a 0.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 177,022 shares of company stock valued at $16,618,422 over the last ninety days. Corporate 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.