WCG Wealth Advisors LLC Decreases Holdings in Walmart Inc. (NYSE:WMT)

WCG Wealth Advisors LLC decreased its position in Walmart Inc. (NYSE:WMT - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,587 shares of the retailer's stock after selling 10,177 shares during the quarter. WCG Wealth Advisors LLC's holdings in Walmart were worth $7,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Pacific Point Advisors LLC bought a new stake in Walmart in the 4th quarter worth approximately $1,306,000. Vega Investment Solutions bought a new position in shares of Walmart during the 4th quarter valued at approximately $54,000. Strait & Sound Wealth Management LLC increased its position in shares of Walmart by 1.3% during the 4th quarter. Strait & Sound Wealth Management LLC now owns 18,886 shares of the retailer's stock valued at $1,706,000 after purchasing an additional 235 shares during the last quarter. Investment Management Corp VA ADV bought a new position in shares of Walmart during the 4th quarter valued at approximately $55,000. Finally, Helium Advisors LLC bought a new position in shares of Walmart during the 4th quarter valued at approximately $404,000. Institutional investors own 26.76% of the company's stock.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value 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 approximately $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,148 shares of Walmart stock in a transaction on 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 directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. The trade was a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 177,583 shares of company stock valued at $16,701,404. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.6%

WMT stock traded up $0.56 during midday trading on Friday, hitting $96.49. 13,664,025 shares of the company's stock were exchanged, compared to its average volume of 17,861,385. The business has a 50-day simple moving average of $92.33 and a two-hundred day simple moving average of $92.97. 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 stock has a market capitalization of $772.00 billion, a PE ratio of 40.04, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company 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. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Raymond James cut their target price on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Truist Financial boosted their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Two 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.