Walmart Inc. (NYSE:WMT) Shares Sold by Stokes Family Office LLC

Stokes Family Office LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,462 shares of the retailer’s stock after selling 8,261 shares during the quarter. Stokes Family Office LLC’s holdings in Walmart were worth $2,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of WMT. Seven Mile Advisory grew its holdings in Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after purchasing an additional 61 shares in the last quarter. Flynn Zito Capital Management LLC boosted its position in Walmart by 3.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after buying an additional 61 shares during the last quarter. ICW Investment Advisors LLC boosted its position in Walmart by 0.4% in the 4th quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after buying an additional 62 shares during the last quarter. Bill Few Associates Inc. grew its stake in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after acquiring an additional 64 shares in the last quarter. Finally, Gateway Advisory LLC increased its position in shares of Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.2 %

WMT traded up $0.11 during trading on Friday, reaching $59.82. The company had a trading volume of 13,538,555 shares, compared to its average volume of 18,602,846. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65. The company has a market cap of $482.14 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 3.84 and a beta of 0.49. The firm’s 50-day simple moving average is $60.03 and its 200 day simple moving average is $55.95.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same period last year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current 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 $0.2075 dividend. The ex-dividend date of this dividend 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 presently 43.38%.

Insider Activity

In related news, Director S Robson Walton sold 5,816,175 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the sale, the director now directly owns 677,052,654 shares of the company’s stock, valued at approximately $39,237,458,141.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 5,970,066 shares of Walmart stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the completion of the sale, the insider now owns 671,082,588 shares of the company’s stock, valued at approximately $39,106,219,344.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director S Robson Walton sold 5,816,175 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the completion of the transaction, the director now directly owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,019,140 shares of company stock worth $1,696,045,631. 46.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on WMT. Deutsche Bank Aktiengesellschaft lifted their price objective on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a report on Friday, February 16th. Stifel Europe lifted their price target on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research note on Monday, February 19th. Oppenheimer dropped their target price on shares of Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $68.00 target price on shares of Walmart in a research note on Wednesday, March 27th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus price target of $61.75.

Walmart 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.