Beta Wealth Group Inc. Sells 1,000 Shares of Walmart Inc. (NYSE:WMT)

Beta Wealth Group Inc. cut its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,901 shares of the retailer’s stock after selling 1,000 shares during the quarter. Beta Wealth Group Inc.’s holdings in Walmart were worth $457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Walmart during the 3rd quarter worth about $25,000. Partnership Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth about $30,000. Signature Resources Capital Management LLC acquired a new position in shares of Walmart during the 4th quarter worth about $35,000. Tidemark LLC acquired a new position in shares of Walmart during the 4th quarter worth about $37,000. Finally, Kepos Capital LP acquired a new position in shares of Walmart during the 3rd quarter worth about $40,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMT shares. Telsey Advisory Group boosted their price objective on shares of Walmart from $68.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Royal Bank of Canada upped their price target on shares of Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. The Goldman Sachs Group upped their price target on shares of Walmart from $64.33 to $73.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Roth Mkm upped their price target on shares of Walmart from $69.00 to $71.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Finally, Truist Financial upped their price target on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.01.

Read Our Latest Analysis on WMT

Walmart Price Performance

Shares of NYSE WMT traded up $0.54 during trading hours on Friday, hitting $65.38. 11,795,024 shares of the stock were exchanged, compared to its average volume of 17,962,526. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80. The company has a market cap of $526.84 billion, a PE ratio of 27.98, a price-to-earnings-growth ratio of 3.77 and a beta of 0.49. The company’s fifty day simple moving average is $60.73 and its two-hundred day simple moving average is $56.86. Walmart Inc. has a 1-year low of $48.34 and a 1-year high of $65.69.

Walmart (NYSE:WMTGet Free Report) last issued its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The firm had revenue of $161.50 billion for the quarter, compared to analyst estimates of $159.57 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that Walmart Inc. will post 2.42 EPS for the current year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.27%. Walmart’s dividend payout ratio is currently 35.52%.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Jim C. Walton sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the sale, the insider now owns 656,395,261 shares in the company, valued at $38,582,913,441.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction on Monday, February 26th. The shares were sold at an average price of $58.78, for a total transaction of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares in the company, valued at $38,582,913,441.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Alice L. Walton sold 500,000 shares of Walmart stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.39, for a total transaction of $29,195,000.00. Following the transaction, the insider now owns 653,067,261 shares in the company, valued at approximately $38,132,597,369.79. The disclosure for this sale can be found here. Insiders have sold 8,221,033 shares of company stock worth $518,194,888 over the last quarter. Corporate insiders own 46.51% of the company’s stock.

Walmart Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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