Walmart Inc. (NYSE:WMT) Stake Lowered by Gen Wealth Partners Inc

Gen Wealth Partners Inc trimmed its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,764 shares of the retailer's stock after selling 2,757 shares during the period. Walmart comprises approximately 1.3% of Gen Wealth Partners Inc's investment portfolio, making the stock its 9th largest holding. Gen Wealth Partners Inc's holdings in Walmart were worth $3,141,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Walmart in the 4th quarter valued at about $5,737,355,000. Raymond James Financial Inc. bought a new stake in Walmart in the 4th quarter valued at about $2,306,627,000. Jennison Associates LLC raised its stake in Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after acquiring an additional 6,860,189 shares during the period. Bank of New York Mellon Corp raised its stake in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the period. Finally, Northern Trust Corp raised its stake in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares of the company's stock, valued at approximately $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock valued at $12,444,743 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Trading Up 0.0%

WMT stock traded up $0.03 during midday trading on Monday, hitting $96.75. The company had a trading volume of 26,756,708 shares, compared to its average volume of 17,882,680. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $59.44 and a 52 week high of $105.30. The stock's 50 day moving average price is $90.66 and its 200 day moving average price is $92.04. The stock has a market cap of $774.09 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio is presently 39.00%.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Mizuho initiated coverage on Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 target price for the company. Evercore ISI reduced their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Piper Sandler lifted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $103.94.

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.