Denver PWM LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Denver PWM LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,799 shares of the retailer’s stock after selling 244 shares during the quarter. Denver PWM LLC’s holdings in Walmart were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Brophy Wealth Management LLC bought a new stake in shares of Walmart in the third quarter valued at about $2,072,000. Bank of New Hampshire raised its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after acquiring an additional 5,786 shares in the last quarter. Iowa State Bank raised its holdings in shares of Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Walmart in the third quarter valued at about $541,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,777 shares of company stock valued at $16,570,112 in the last three months. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Down 2.6 %

Walmart stock opened at $94.70 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $57.77 and a 12 month high of $105.30. The stock’s 50 day simple moving average is $95.63 and its two-hundred day simple moving average is $86.57. The firm has a market cap of $760.77 billion, a PE ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55.

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

Walmart Dividend Announcement

The firm also recently announced 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. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 34.44%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on WMT shares. JPMorgan Chase & Co. lifted their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Guggenheim boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Truist Financial boosted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Roth Mkm reiterated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday. Finally, Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.43.

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.