Boyd Watterson Asset Management LLC OH Cuts Stock Holdings in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Boyd Watterson Asset Management LLC OH lowered its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 5.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,821 shares of the retailer’s stock after selling 300 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Walmart were worth $436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Peregrine Asset Advisers Inc. boosted its holdings in Walmart by 27.9% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 6,098 shares of the retailer’s stock worth $551,000 after acquiring an additional 1,330 shares during the last quarter. Lloyd Advisory Services LLC. lifted its position in shares of Walmart by 2.2% during the fourth quarter. Lloyd Advisory Services LLC. now owns 5,348 shares of the retailer’s stock valued at $483,000 after purchasing an additional 117 shares in the last quarter. Dahring Cusmano LLC purchased a new position in Walmart during the fourth quarter worth about $270,000. Blackston Financial Advisory Group LLC grew 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 worth $1,417,000 after purchasing an additional 106 shares in the last quarter. Finally, VisionPoint Advisory Group LLC purchased a new stake in Walmart in the 4th quarter valued at about $54,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WMT shares. Royal Bank of Canada cut their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. TD Cowen raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Barclays increased their price target on shares of Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.43.

Get Our Latest Research Report on Walmart

Walmart Stock Down 2.6 %

Shares of NYSE:WMT opened at $94.70 on Friday. The firm has a market capitalization of $760.77 billion, a PE ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 52-week low of $57.77 and a 52-week high of $105.30. The firm has a fifty day moving average of $95.63 and a 200 day moving average of $86.44.

Walmart (NYSE:WMT – Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. Walmart’s payout ratio is 34.44%.

Insider Activity

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company’s stock, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the 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 sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,777 shares of company stock valued at $16,570,112. Corporate insiders own 45.58% of the company’s stock.

Walmart Company 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.

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