Strategic Investment Solutions Inc. IL Lowers Stake in Walmart Inc. (NYSE:WMT)

Strategic Investment Solutions Inc. IL lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,289 shares of the retailer’s stock after selling 2,496 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in Walmart were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. FPC Investment Advisory Inc. bought a new stake in Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 2.9 %

Shares of NYSE WMT opened at $91.20 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm’s 50-day moving average price is $91.90 and its 200-day moving average price is $90.09. The stock has a market capitalization of $731.14 billion, a price-to-earnings ratio of 37.84, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.03%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,022 shares of company stock worth $16,618,422 over the last quarter. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on WMT shares. Raymond James decreased their price objective 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. Citigroup reissued a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Stifel Nicolaus cut their price objective on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Finally, Mizuho assumed coverage on Walmart in a research note on Friday, April 11th. They set an “outperform” rating and a $105.00 price target for the company. Three 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.58.

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.