Shayne & Jacobs LLC Sells 2,300 Shares of Walmart Inc. (NYSE:WMT)

Shayne & Jacobs LLC decreased its holdings in Walmart Inc. (NYSE:WMT) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,980 shares of the retailer’s stock after selling 2,300 shares during the quarter. Walmart makes up about 1.1% of Shayne & Jacobs LLC’s holdings, making the stock its 12th biggest holding. Shayne & Jacobs LLC’s holdings in Walmart were worth $4,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brophy Wealth Management LLC bought a new stake in Walmart during the 3rd quarter valued at $2,072,000. Bank of New Hampshire lifted its position in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Iowa State Bank boosted its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $541,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on 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 owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 146,528 shares of company stock worth $13,849,185 in the last three months. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Walmart in a research report on Friday, February 21st. Royal Bank of Canada reduced their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. BMO Capital Markets boosted their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Bank of America increased their price objective on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $103.07.

Walmart Price Performance

Shares of NYSE WMT opened at $97.81 on Wednesday. The stock has a market capitalization of $785.78 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $58.18 and a 52 week high of $105.30. The firm has a 50-day simple moving average of $95.65 and a 200-day simple moving average of $87.10. 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 earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors 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 yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

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.