Walmart Inc. (NYSE:WMT) Shares Sold by Wellspring Financial Advisors LLC

by · The Markets Daily

Wellspring Financial Advisors LLC reduced its holdings in Walmart Inc. (NYSE:WMT – Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,258 shares of the retailer’s stock after selling 458 shares during the period. Wellspring Financial Advisors LLC’s holdings in Walmart were worth $565,000 at the end of the most recent quarter.

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

Walmart Stock Performance

NYSE:WMT opened at $83.09 on Monday. The company has a market cap of $666.12 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a fifty day simple moving average of $94.01 and a two-hundred day simple moving average of $89.67.

Walmart (NYSE:WMT – Get Free Report) last issued its quarterly 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 company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.13%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,852 shares of company stock valued at $16,785,080. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Oppenheimer increased their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Check Out Our Latest Stock Report on WMT

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.

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).