Glen Eagle Advisors LLC Sells 119 Shares of Walmart Inc. (NYSE:WMT)

Glen Eagle Advisors LLC trimmed its stake in Walmart Inc. (NYSE:WMT) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,166 shares of the retailer’s stock after selling 119 shares during the period. Walmart comprises about 1.6% of Glen Eagle Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Glen Eagle Advisors LLC’s holdings in Walmart were worth $9,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at about $27,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter valued at about $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in shares of Walmart during the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Roth Mkm reissued a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Raymond James cut their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Citigroup reissued a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $104.94.

Walmart Trading Down 0.3%

WMT opened at $97.81 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market cap of $782.57 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The firm has a 50 day simple moving average of $91.72 and a 200 day simple moving average of $92.70. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be paid a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’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 transaction 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 represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,035 shares of company stock valued at $12,445,082 over the last ninety days. Insiders own 45.58% of the company’s stock.

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.