Financial Insights Inc. Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

Financial Insights Inc. decreased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 56.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,748 shares of the retailer's stock after selling 7,557 shares during the quarter. Financial Insights Inc.'s holdings in Walmart were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Copley Financial Group Inc. raised its position in shares of Walmart by 85.4% during the 4th quarter. Copley Financial Group Inc. now owns 6,948 shares of the retailer's stock worth $628,000 after purchasing an additional 3,201 shares during the last quarter. Dogwood Wealth Management LLC increased its stake in Walmart by 17.6% during the fourth quarter. Dogwood Wealth Management LLC now owns 7,851 shares of the retailer's stock worth $709,000 after acquiring an additional 1,177 shares during the last quarter. Smith Shellnut Wilson LLC ADV raised its holdings in Walmart by 3.8% in the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 14,321 shares of the retailer's stock valued at $1,294,000 after buying an additional 521 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Walmart during the 4th quarter worth approximately $172,000. Finally, Total Wealth Planning & Management Inc. acquired a new stake in Walmart in the 4th quarter valued at approximately $854,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company's stock, valued at $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,334 shares of company stock valued at $12,615,864. 45.58% of the stock is owned by insiders.

Walmart Trading Up 1.3%

Walmart stock traded up $1.23 during trading hours on Friday, reaching $98.33. The company had a trading volume of 7,871,864 shares, compared to its average volume of 17,823,651. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30. The company has a 50-day moving average price of $93.19 and a 200 day moving average price of $93.26. The firm has a market cap of $786.70 billion, a price-to-earnings ratio of 40.76, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping 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. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on WMT. Truist Financial increased their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Barclays reiterated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research note on Monday, May 5th. Wells Fargo & Company upped their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Finally, Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $104.94.

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.