Beck Mack & Oliver LLC Decreases Stock Position in Walmart Inc. (NYSE:WMT)

Beck Mack & Oliver LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 313,384 shares of the retailer's stock after selling 4,576 shares during the quarter. Beck Mack & Oliver LLC's holdings in Walmart were worth $28,314,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC raised its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter worth approximately $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of Walmart 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 completion of the sale, the executive vice president now directly owns 257,281 shares of the company's stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,782 shares of company stock valued at $16,785,305. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

Shares of Walmart stock traded down $0.29 on Wednesday, reaching $94.56. 10,340,440 shares of the stock were exchanged, compared to its average volume of 17,809,910. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The business has a fifty day moving average price of $91.09 and a two-hundred day moving average price of $90.51. The firm has a market capitalization of $758.07 billion, a PE ratio of 39.24, a PEG ratio of 4.42 and a beta of 0.69. 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 (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's dividend payout ratio is currently 39.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on WMT. Oppenheimer lowered their target price on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Truist Financial increased their target price on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Finally, Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $103.58.

Walmart Company 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.