Tradition Wealth Management LLC Sells 148 Shares of Walmart Inc. (NYSE:WMT)

Tradition Wealth Management LLC cut its position in shares of Walmart Inc. (NYSE:WMT) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,644 shares of the retailer’s stock after selling 148 shares during the period. Tradition Wealth Management LLC’s holdings in Walmart were worth $2,136,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Up 2.2 %

Shares of NYSE:WMT opened at $93.17 on Friday. The firm has a market cap of $746.93 billion, a P/E ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The business has a fifty day simple moving average of $91.52 and a 200 day simple moving average of $90.33. 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 issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,782 shares of company stock valued at $16,785,305 over the last quarter. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Wells Fargo & Company upped their target price on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Tuesday, February 25th. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Stifel Nicolaus decreased their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.58.

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.