Victory Capital Management Inc. Sells 103,050 Shares of Walmart Inc. (NYSE:WMT)

Victory Capital Management Inc. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,028,639 shares of the retailer’s stock after selling 103,050 shares during the period. Victory Capital Management Inc.’s holdings in Walmart were worth $162,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC bought a new position in Walmart during the 3rd quarter worth about $25,000. Kepos Capital LP purchased a new stake in shares of Walmart during the third quarter valued at about $40,000. Milestone Investment Advisors LLC purchased a new stake in shares of Walmart during the third quarter valued at about $41,000. Fortitude Family Office LLC purchased a new stake in shares of Walmart during the fourth quarter valued at about $45,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Walmart during the third quarter valued at about $50,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

Shares of NYSE WMT opened at $58.84 on Thursday. The stock has a market capitalization of $474.24 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 3.88 and a beta of 0.49. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $61.65. The firm’s 50 day simple moving average is $60.01 and its 200-day simple moving average is $55.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $173.40 billion for the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.57 EPS. Analysts expect that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.41%. Walmart’s payout ratio is 43.38%.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Stifel Europe increased their price target on shares of Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. Evercore ISI decreased their price target on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research report on Monday, February 19th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.75.

Insider Transactions at Walmart

In related news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the insider now owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the insider now directly owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The disclosure for this sale can be found here. Insiders have sold 29,016,140 shares of company stock valued at $1,695,868,391 in the last 90 days. 46.51% of the stock is currently owned by company insiders.

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.