Arkos Global Advisors Trims Holdings in Walmart Inc. (NYSE:WMT)

by · The Markets Daily

Arkos Global Advisors reduced its stake in shares of Walmart Inc. (NYSE:WMT – Free Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,132 shares of the retailer’s stock after selling 447 shares during the quarter. Arkos Global Advisors’ holdings in Walmart were worth $1,457,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Walmart in the 4th quarter worth about $5,737,355,000. Raymond James Financial Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $2,306,627,000. Jennison Associates LLC grew its stake in Walmart by 37.1% in the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock worth $2,289,419,000 after purchasing an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Finally, APG Asset Management N.V. raised its position in Walmart by 1,707.6% during the 4th quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer’s stock valued at $324,410,000 after purchasing an additional 3,512,368 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction that occurred 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 of the company’s stock, valued at $32,891,867.94. The trade was a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,533 shares of company stock valued at $13,241,740 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.9 %

Walmart stock opened at $95.02 on Friday. The business’s 50-day simple moving average is $90.58 and its two-hundred day simple moving average is $90.76. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of $761.76 billion, a PE ratio of 39.43, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a fifty-two week low of $58.58 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT – Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current 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 paid 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 currently 39.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on WMT shares. Oppenheimer dropped their price target on Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. UBS Group cut their target price on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Piper Sandler upped 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. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Three research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

Read Our Latest Analysis on Walmart

About Walmart

(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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