Greenline Partners LLC Trims Stake in Walmart Inc. (NYSE:WMT)

Greenline Partners LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,776 shares of the retailer's stock after selling 3,693 shares during the quarter. Greenline Partners LLC's holdings in Walmart were worth $5,310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its position in Walmart by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer's stock valued at $1,565,000 after acquiring an additional 226 shares in the last quarter. Watts Gwilliam & Co. LLC lifted its position in Walmart by 24.7% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 24,260 shares of the retailer's stock worth $2,203,000 after buying an additional 4,806 shares in the last quarter. First International Bank & Trust increased its holdings in shares of Walmart by 18.7% during the 4th quarter. First International Bank & Trust now owns 13,681 shares of the retailer's stock worth $1,236,000 after buying an additional 2,159 shares during the last quarter. Avondale Wealth Management raised its holdings in Walmart by 4.2% in the 4th quarter. Avondale Wealth Management now owns 11,150 shares of the retailer's stock valued at $1,007,000 after buying an additional 450 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Walmart by 25.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,910,626 shares of the retailer's stock valued at $262,975,000 after buying an additional 593,874 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. Citigroup reissued a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Monday. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.94.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock worth $12,444,743 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 0.9%

Shares of WMT traded down $0.89 on Tuesday, hitting $95.86. The company's stock had a trading volume of 19,619,136 shares, compared to its average volume of 17,889,951. The firm has a market capitalization of $766.97 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a fifty-two week low of $59.44 and a fifty-two week high of $105.30. The firm's fifty day moving average price is $90.68 and its 200-day moving average price is $92.14. 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 (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates 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. On average, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

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.