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

Evergreen Wealth Solutions LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 55.4% during the 4th quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC increased its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter worth approximately $37,000. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 169,657 shares of company stock worth $15,984,929. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Robert W. Baird lifted their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, KeyCorp lifted their target price on Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Three 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's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Walmart Stock Up 0.8 %

Shares of NYSE WMT opened at $96.02 on Wednesday. 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 market cap of $768.25 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.58 and a 12 month high of $105.30. The stock has a 50-day moving average price of $90.38 and a two-hundred day moving average price of $91.05.

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%. As a group, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared 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 0.98%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

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.

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