Walmart Inc. (NYSE:WMT) Holdings Decreased by AllGen Financial Advisors Inc.

AllGen Financial Advisors Inc. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 15,579 shares of the retailer’s stock after selling 598 shares during the period. Walmart makes up approximately 1.3% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 21st largest position. AllGen Financial Advisors Inc.’s holdings in Walmart were worth $2,456,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of WMT. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart during the third quarter worth approximately $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Walmart during the 4th quarter valued at $35,000. Kepos Capital LP purchased a new position in shares of Walmart during the 3rd quarter valued at $40,000. Milestone Investment Advisors LLC acquired a new position in shares of Walmart in the third quarter worth $41,000. Finally, Fortitude Family Office LLC purchased a new stake in shares of Walmart during the fourth quarter worth $45,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares in the company, valued at $236,187,943.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the sale, the chief executive officer now directly owns 4,076,892 shares in the company, valued at $236,187,943.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Jim C. Walton sold 2,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,019,140 shares of company stock worth $1,696,045,631. Corporate insiders own 46.51% of the company’s stock.

Walmart Stock Performance

Walmart stock traded up $0.11 during trading hours on Friday, hitting $59.82. The stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65. The company has a market cap of $482.03 billion, a PE ratio of 31.26, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The company has a 50-day moving average of $60.06 and a two-hundred day moving average of $56.02. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. During the same period in the prior year, the company posted $0.57 earnings per share. Walmart’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.39%. Walmart’s dividend payout ratio (DPR) is currently 43.38%.

Analysts Set New Price Targets

A number of research analysts have commented on WMT shares. Evercore ISI dropped their target price on Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Oppenheimer decreased their price objective on shares of Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Stifel Nicolaus restated a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. JPMorgan Chase & Co. upped their price target on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research note on Monday, February 19th. Finally, StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.75.

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.