FreeGulliver LLC Reduces Stock Position in Walmart Inc. (NYSE:WMT)

FreeGulliver LLC cut its holdings in Walmart Inc. (NYSE:WMT) by 22.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,524 shares of the retailer’s stock after selling 737 shares during the period. FreeGulliver LLC’s holdings in Walmart were worth $228,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. VSM Wealth Advisory LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $413,000. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Walmart by 36.0% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 191,184 shares of the retailer’s stock valued at $17,291,000 after purchasing an additional 50,578 shares during the last quarter. Brooklyn FI LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $2,284,000. Compass Ion Advisors LLC grew its position in shares of Walmart by 10.0% in the fourth quarter. Compass Ion Advisors LLC now owns 7,936 shares of the retailer’s stock valued at $717,000 after purchasing an additional 723 shares during the last quarter. Finally, Enhancing Capital LLC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $1,491,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday. KeyCorp raised their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $85.53 on Wednesday. The company’s fifty day simple moving average is $95.56 and its 200-day simple moving average is $88.93. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market cap of $687.13 billion, a PE ratio of 35.49, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared 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 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

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.