Bison Wealth LLC Sells 38,735 Shares of Walmart Inc. (NYSE:WMT)

Bison Wealth LLC decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 71.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,670 shares of the retailer's stock after selling 38,735 shares during the quarter. Bison Wealth LLC's holdings in Walmart were worth $1,416,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart in the 4th quarter worth about $2,306,627,000. Jennison Associates LLC boosted its position in Walmart by 37.1% during the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock worth $2,289,419,000 after acquiring an additional 6,860,189 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley restated an "overweight" rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Truist Financial lifted their price target on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Walmart in a research report on Thursday, April 10th. Finally, Robert W. Baird raised their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

Walmart Price Performance

WMT stock traded up $0.19 during trading on Thursday, hitting $97.44. 13,150,271 shares of the stock traded hands, compared to its average volume of 17,842,666. The stock has a market cap of $779.57 billion, a price-to-earnings ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $58.58 and a one year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50 day simple moving average of $90.50 and a 200 day simple moving average of $91.21.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is presently 39.00%.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were 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 approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,657 shares of company stock worth $15,984,929. 45.58% of the stock is owned by corporate insiders.

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.