Keel Point LLC Sells 2,645 Shares of Walmart Inc. (NYSE:WMT)

Keel Point LLC reduced its position in Walmart Inc. (NYSE:WMT - Free Report) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 76,818 shares of the retailer's stock after selling 2,645 shares during the period. Keel Point LLC's holdings in Walmart were worth $6,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FAS Wealth Partners Inc. boosted its stake in Walmart by 1.4% in the fourth quarter. FAS Wealth Partners Inc. now owns 78,430 shares of the retailer's stock valued at $7,086,000 after acquiring an additional 1,091 shares during the last quarter. Peterson Wealth Management lifted its stake in shares of Walmart by 4.4% in the 4th quarter. Peterson Wealth Management now owns 48,592 shares of the retailer's stock valued at $4,390,000 after purchasing an additional 2,030 shares during the period. Westbourne Investments Inc. bought a new position in shares of Walmart in the 4th quarter worth $6,049,000. Freestone Grove Partners LP acquired a new stake in shares of Walmart during the fourth quarter worth $48,350,000. Finally, Unisphere Establishment increased its holdings in Walmart by 641.9% in the fourth quarter. Unisphere Establishment now owns 1,187,000 shares of the retailer's stock valued at $107,245,000 after purchasing an additional 1,027,000 shares during the last quarter. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total value of $2,743,189.56. Following the transaction, the chief executive officer now owns 4,480,347 shares in the company, valued at $422,003,883.93. The trade was a 0.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 169,657 shares of company stock worth $15,984,929. 45.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com upgraded Walmart from a "hold" rating to a "buy" rating in a report on Friday. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. KeyCorp upped their target price on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Raymond James reduced their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Finally, Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

Walmart Stock Performance

Shares of WMT stock traded up $1.32 on Friday, reaching $98.73. The stock had a trading volume of 16,026,369 shares, compared to its average volume of 17,851,074. Walmart Inc. has a 12 month low of $59.39 and a 12 month high of $105.30. The firm has a market capitalization of $789.93 billion, a price-to-earnings ratio of 40.97, a P/E/G ratio of 4.42 and a beta of 0.70. The firm's 50-day moving average is $90.52 and its two-hundred day moving average is $91.40. 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 released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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