Walmart Inc. (NYSE:WMT) Shares Sold by Opus Investment Management Inc.

Opus Investment Management Inc. lessened its holdings in Walmart Inc. (NYSE:WMT) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,000 shares of the retailer’s stock after selling 1,000 shares during the quarter. Walmart accounts for approximately 6.3% of Opus Investment Management Inc.’s investment portfolio, making the stock its 2nd biggest position. Opus Investment Management Inc.’s holdings in Walmart were worth $8,583,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth about $32,000. Noble Wealth Management PBC bought a new position in Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walmart in the 3rd quarter valued at approximately $43,000. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock worth $18,001,116 in the last 90 days. 45.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on WMT shares. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Truist Financial raised their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Walmart Trading Up 0.1 %

NYSE WMT opened at $85.94 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s 50-day simple moving average is $95.19 and its two-hundred day simple moving average is $89.12. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company 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%. Research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed 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 1.09%. Walmart’s dividend payout ratio (DPR) 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.