Walmart Inc. (NYSE:WMT) Shares Sold by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT) by 75.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,049 shares of the retailer’s stock after selling 9,458 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Walmart were worth $441,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. SeaTown Holdings Pte. Ltd. grew its stake in Walmart by 26.6% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after purchasing an additional 53,000 shares in the last quarter. Railway Pension Investments Ltd grew its position in shares of Walmart by 28.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after acquiring an additional 167,800 shares in the last quarter. Mackenzie Financial Corp grew its position in shares of Walmart by 1.5% in the 3rd quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock worth $235,608,000 after acquiring an additional 21,899 shares in the last quarter. Capital Wealth Planning LLC grew its position in shares of Walmart by 32.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after acquiring an additional 518,896 shares in the last quarter. Finally, Pittenger & Anderson Inc. grew its position in shares of Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock worth $7,751,000 after acquiring an additional 325 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WMT. Morgan Stanley decreased their target price on Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. Stifel Europe lifted their target price on Walmart from $56.33 to $58.33 in a research report on Friday, February 16th. Evercore ISI reduced their price objective on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Oppenheimer reduced their price objective on Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, Tigress Financial boosted their price objective on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total transaction of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at $241,239,559.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director S Robson Walton sold 14,685,327 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares of the company’s stock, valued at approximately $38,473,631,458.08. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock worth $1,696,035,551 in the last quarter. 46.51% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of WMT opened at $59.32 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The firm’s 50 day moving average is $59.99 and its 200-day moving average is $55.90. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65. The stock has a market capitalization of $478.11 billion, a P/E ratio of 31.00, a P/E/G ratio of 3.93 and a beta of 0.49.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The firm had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. During the same quarter in the previous year, the business posted $0.57 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is 43.38%.

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.