Safe Harbor Fiduciary LLC Sells 307 Shares of Walmart Inc. (NYSE:WMT)

Safe Harbor Fiduciary LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,403 shares of the retailer’s stock after selling 307 shares during the period. Walmart comprises 0.8% of Safe Harbor Fiduciary LLC’s holdings, making the stock its 28th largest position. Safe Harbor Fiduciary LLC’s holdings in Walmart were worth $759,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. World Investment Advisors grew its position in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after buying an additional 19,233 shares during the last quarter. Candriam S.C.A. raised its position in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after purchasing an additional 599,257 shares during the period. Modera Wealth Management LLC grew its stake in Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC purchased a new stake in shares of Walmart during the 4th quarter valued at $1,124,000. Finally, Campbell Wealth Management purchased a new position in Walmart in the 4th quarter worth $359,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock worth $12,444,743 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on WMT. Truist Financial lifted their price objective on Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Stifel Nicolaus lowered their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $104.94.

Walmart Stock Performance

Shares of NYSE WMT opened at $98.26 on Friday. The company has a market capitalization of $786.18 billion, a P/E ratio of 40.77, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The business’s 50-day moving average price is $91.19 and its two-hundred day moving average price is $92.40. Walmart Inc. has a one year low of $63.63 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. During the same quarter in the prior year, the firm posted $0.60 EPS. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio is 39.00%.

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.