Oxford Financial Group LTD. LLC Reduces Stock Position in Walmart Inc. (NYSE:WMT)

Oxford Financial Group LTD. LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,565 shares of the retailer’s stock after selling 276 shares during the period. Oxford Financial Group LTD. LLC’s holdings in Walmart were worth $1,226,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter valued at $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter worth about $32,000. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter worth about $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Walmart in the 3rd quarter worth about $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 0.6 %

NYSE:WMT opened at $85.78 on Friday. The firm has a 50-day simple moving average of $95.34 and a two-hundred day simple moving average of $88.89. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm has a market cap of $687.70 billion, a P/E ratio of 35.59, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s dividend payout ratio is presently 39.00%.

Analyst Ratings Changes

Several equities research analysts have recently commented on WMT shares. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company raised their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada dropped their target price on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock worth $18,001,116 over the last three months. 45.58% of the stock is currently owned by company insiders.

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.