Evergreen Wealth Solutions LLC Sells 3,949 Shares of Walmart Inc. (NYSE:WMT)

Evergreen Wealth Solutions LLC reduced its stake in Walmart Inc. (NYSE:WMT - Free Report) by 55.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,183 shares of the retailer's stock after selling 3,949 shares during the period. Evergreen Wealth Solutions LLC's holdings in Walmart were worth $288,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WMT. Schonfeld Strategic Advisors LLC increased its holdings in Walmart by 253.2% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 398,453 shares of the retailer's stock worth $36,000,000 after purchasing an additional 285,647 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Walmart by 22.9% in the fourth quarter. AQR Capital Management LLC now owns 5,334,041 shares of the retailer's stock worth $481,931,000 after acquiring an additional 995,080 shares during the last quarter. Capstone Financial Advisors Inc. acquired a new position in Walmart during the 4th quarter valued at approximately $3,492,000. Northern Trust Corp grew its position in shares of Walmart by 8.9% during the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $148,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on WMT. Evercore ISI cut their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. KeyCorp boosted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. StockNews.com raised shares of Walmart from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Royal Bank of Canada decreased their price target on Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $103.58.

Walmart Price Performance

Shares of NYSE:WMT traded up $1.32 during trading on Friday, hitting $98.73. 16,026,369 shares of the company were exchanged, compared to its average volume of 17,851,074. Walmart Inc. has a 1-year low of $59.39 and a 1-year high of $105.30. The business's 50 day moving average is $90.52 and its 200-day moving average is $91.47. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $789.93 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's dividend payout ratio is 39.00%.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated 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 transaction, the executive vice president now owns 257,281 shares of the company's stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,657 shares of company stock worth $15,984,929 in the last 90 days. Corporate insiders own 45.58% of the company's stock.

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.