Walmart Inc. (NYSE:WMT) Shares Sold by Centerstone Investors LLC

Centerstone Investors LLC lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 78.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,500 shares of the retailer's stock after selling 12,396 shares during the quarter. Walmart makes up approximately 0.5% of Centerstone Investors LLC's holdings, making the stock its 26th biggest holding. Centerstone Investors LLC's holdings in Walmart were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of WMT. Norges Bank acquired a new stake in Walmart during the fourth quarter worth approximately $5,737,355,000. Raymond James Financial Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $2,306,627,000. Jennison Associates LLC boosted its position in Walmart by 37.1% during the fourth 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 last quarter. Bank of New York Mellon Corp boosted its position in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp boosted its position in 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. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 0.6%

WMT stock traded up $0.56 during trading on Friday, reaching $96.49. The stock had a trading volume of 13,664,025 shares, compared to its average volume of 17,861,385. Walmart Inc. has a 1-year low of $64.16 and a 1-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 market capitalization of $772.00 billion, a P/E ratio of 40.04, a PEG ratio of 4.42 and a beta of 0.70. The firm has a fifty day moving average price of $92.33 and a 200 day moving average price of $92.97.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the previous year, the business posted $0.60 EPS. The firm's revenue was up 2.5% compared to the same quarter last year. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's payout ratio is currently 40.17%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the sale, the chief executive officer now owns 4,451,199 shares of the company's stock, valued at approximately $429,896,799.42. The trade was a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at $49,332,475.50. The trade was a 0.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 177,583 shares of company stock valued at $16,701,404. Insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Raymond James decreased their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 price target on shares of Walmart in a report on Friday, May 16th. Finally, Mizuho assumed coverage on shares of Walmart in a report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and an average target price of $104.94.

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.