Walmart Inc. (NYSE:WMT) Shares Sold by TrinityPoint Wealth LLC

TrinityPoint Wealth LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,708 shares of the retailer's stock after selling 5,687 shares during the quarter. Walmart comprises 0.8% of TrinityPoint Wealth LLC's holdings, making the stock its 25th largest holding. TrinityPoint Wealth LLC's holdings in Walmart were worth $6,027,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

NYSE:WMT traded up $1.32 during trading hours on Friday, reaching $98.73. 16,026,369 shares of the company's stock were exchanged, compared to its average volume of 17,836,499. Walmart Inc. has a 1-year low of $59.14 and a 1-year high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. 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 0.69. The company has a 50-day moving average of $90.52 and a 200 day moving average of $91.33.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Insider Transactions at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 169,657 shares of company stock worth $15,984,929 over the last 90 days. 45.58% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on WMT shares. Royal Bank of Canada reduced their price target on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price target on shares of Walmart in a report on Thursday, April 10th. Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company raised their target price on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $103.58.

Walmart Company 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.