Cetera Advisors LLC reduced its stake in Walmart Inc (NYSE:WMT) by 14.1% during the fourth quarter, HoldingsChannel reports. The firm owned 28,861 shares of the retailer’s stock after selling 4,747 shares during the period. Cetera Advisors LLC’s holdings in Walmart were worth $2,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. purchased a new stake in Walmart in the fourth quarter valued at approximately $26,000. Ironwood Financial llc purchased a new stake in Walmart in the fourth quarter valued at approximately $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Walmart in the fourth quarter valued at approximately $28,000. Winch Advisory Services LLC raised its stake in shares of Walmart by 45.1% during the fourth quarter. Winch Advisory Services LLC now owns 344 shares of the retailer’s stock worth $32,000 after acquiring an additional 107 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Walmart during the fourth quarter worth approximately $41,000. 28.94% of the stock is currently owned by institutional investors and hedge funds.

WMT has been the topic of several research reports. Citigroup lifted their price target on shares of Walmart from $116.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, February 21st. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target (up from $113.00) on shares of Walmart in a research note on Wednesday, February 20th. Morgan Stanley raised shares of Walmart from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $107.00 to $110.00 in a research note on Wednesday, January 23rd. KeyCorp lifted their price target on shares of Walmart from $112.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 20th. Finally, Daiwa Capital Markets set a $104.00 price target on shares of Walmart and gave the stock a “hold” rating in a research note on Friday, February 22nd. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and seventeen have assigned a buy rating to the stock. Walmart currently has an average rating of “Hold” and a consensus target price of $105.82.

In related news, EVP Jacqueline P. Canney sold 980 shares of Walmart stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.03, for a total value of $97,049.40. Following the sale, the executive vice president now owns 54,588 shares in the company, valued at $5,405,849.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director S Robson Walton sold 1,139,696 shares of Walmart stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $99.72, for a total transaction of $113,650,485.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,240,978 shares of company stock worth $1,406,078,670. 51.11% of the stock is currently owned by company insiders.

Shares of Walmart stock opened at $103.07 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. Walmart Inc has a 52-week low of $81.78 and a 52-week high of $106.21. The company has a market capitalization of $305.66 billion, a PE ratio of 20.99, a PEG ratio of 4.75 and a beta of 0.34.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 19th. The retailer reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.08. Walmart had a net margin of 1.30% and a return on equity of 18.60%. The firm had revenue of $137.74 billion for the quarter, compared to analysts’ expectations of $137.63 billion. During the same quarter last year, the business earned $1.33 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Walmart Inc will post 4.75 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 10th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Thursday, May 9th. Walmart’s dividend payout ratio is 43.18%.

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Walmart Company Profile

Walmart Inc engages in the retail and wholesale operations in various formats 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, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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