University of Texas Texas AM Investment Management Co. Sells 21,196 Shares of Walmart Inc. (NYSE:WMT)

University of Texas Texas AM Investment Management Co. cut its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 16.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 105,146 shares of the retailer's stock after selling 21,196 shares during the quarter. Walmart comprises approximately 1.1% of University of Texas Texas AM Investment Management Co.'s holdings, making the stock its 10th largest position. University of Texas Texas AM Investment Management Co.'s holdings in Walmart were worth $9,500,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted 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 purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter valued at approximately $37,000. Finally, Mizuho Bank Ltd. bought a new position in shares of Walmart in the fourth quarter valued at approximately $41,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.5%

Shares of WMT stock opened at $95.95 on Friday. The company has a market capitalization of $767.69 billion, a P/E ratio of 39.81, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30. The firm has a 50-day moving average price of $92.12 and a 200 day moving average price of $92.82.

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

Walmart Announces Dividend

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

Analyst Ratings Changes

WMT has been the subject of a number of analyst reports. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Mizuho initiated coverage on shares of Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price for the company. Wells Fargo & Company upped their price target on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Piper Sandler lifted their price objective on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This trade represents a 0.81% 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 John D. Rainey sold 2,200 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the transaction, the executive vice president now directly owns 632,718 shares of the company's stock, valued at $61,607,751.66. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,435 shares of company stock worth $13,886,290. 45.58% of the stock is currently owned by company insiders.

Walmart 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.

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