Family Management Corp Has $1.12 Million Position in Walmart Inc. (NYSE:WMT)

Family Management Corp trimmed its stake in shares of Walmart Inc. (NYSE:WMT) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,391 shares of the retailer’s stock after selling 500 shares during the quarter. Family Management Corp’s holdings in Walmart were worth $1,120,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC grew its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. increased its position in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares during the period. Blackston Financial Advisory Group LLC lifted its holdings in shares of Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after buying an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. boosted its position in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after acquiring an additional 108 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 0.2 %

Shares of NYSE:WMT opened at $98.76 on Thursday. The business has a fifty day simple moving average of $90.62 and a 200 day simple moving average of $91.70. Walmart Inc. has a 12-month low of $59.44 and a 12-month high of $105.30. The firm has a market cap of $790.13 billion, a P/E ratio of 40.98, a P/E/G ratio of 4.42 and a beta of 0.70. 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 dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock valued at $12,444,743 over the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WMT. Mizuho started coverage on shares of Walmart in a research report on Friday, April 11th. They set an “outperform” rating and a $105.00 price target on the stock. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.94.

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.