Level Four Advisory Services LLC Decreases Stake in Walmart Inc. (NYSE:WMT)

Level Four Advisory Services LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,018 shares of the retailer’s stock after selling 7,531 shares during the quarter. Walmart comprises 0.6% of Level Four Advisory Services LLC’s portfolio, making the stock its 24th biggest holding. Level Four Advisory Services LLC’s holdings in Walmart were worth $15,361,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,528 shares of company stock worth $14,096,140 over the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Price Performance

Walmart stock opened at $85.62 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of $686.37 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The firm has a 50 day moving average price of $94.76 and a 200 day moving average price of $89.20.

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 analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on WMT. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday, March 20th. UBS Group restated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Evercore ISI dropped their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Tigress Financial boosted their price target on 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

About Walmart

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.