Glen Eagle Advisors LLC Has $9.50 Million Position in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Glen Eagle Advisors LLC lowered its position in shares of Walmart Inc. (NYSE:WMT – Free Report) by 0.1% in the fourth quarter, Holdings Channel reports. The firm owned 105,166 shares of the retailer’s stock after selling 119 shares during the period. Walmart accounts for 1.6% of Glen Eagle Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Glen Eagle Advisors LLC’s holdings in Walmart were worth $9,502,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the company. Whelan Financial lifted its position in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer’s stock valued at $392,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after acquiring an additional 98 shares in the last quarter. Coyle Financial Counsel LLC lifted its position in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after acquiring an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. lifted its position in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after acquiring an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC lifted its position in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $102.00 price objective on shares of Walmart in a research report on Friday, May 16th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Citigroup restated a “buy” rating on shares of Walmart in a report on Tuesday, May 6th. Stifel Nicolaus reduced their target price on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Finally, Truist Financial increased their target price on shares of Walmart from $107.00 to $111.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Two equities 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. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $104.94.

Read Our Latest Report on Walmart

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value 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 $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the transaction, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,035 shares of company stock valued at $12,445,082 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

NYSE WMT opened at $97.81 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $91.72 and its two-hundred day moving average price is $92.70. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The firm has a market capitalization of $782.57 billion, a P/E ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, research analysts anticipate 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. 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 payout ratio is presently 40.17%.

Walmart Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT – Free Report).