Walmart Inc. (NYSE:WMT) Stock Position Lowered by Redwood Investments LLC

Redwood Investments LLC lowered its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 36.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,931 shares of the retailer's stock after selling 30,584 shares during the quarter. Walmart accounts for approximately 1.3% of Redwood Investments LLC's investment portfolio, making the stock its 21st largest position. Redwood Investments LLC's holdings in Walmart were worth $4,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 0.8%

Shares of WMT stock opened at $96.69 on Thursday. Walmart Inc. has a 12 month low of $59.47 and a 12 month high of $105.30. The company has a market cap of $773.61 billion, a PE ratio of 40.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. 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 business's 50 day moving average is $90.80 and its two-hundred day moving average is $92.19.

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

Walmart Announces Dividend

The firm also recently declared 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 is Friday, May 9th. Walmart's dividend payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research analyst reports. 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. Wells Fargo & Company increased their price objective on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Citigroup reaffirmed a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Mizuho initiated coverage on shares of Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.94.

Insider Transactions at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the sale, the executive vice president now owns 632,718 shares in the company, valued at $61,607,751.66. This represents a 0.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,857 shares of company stock worth $12,444,743. Company insiders own 45.58% of the company's stock.

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.

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