Cary Street Partners Investment Advisory LLC Has $441,000 Stake in Walmart Inc. (NYSE:WMT)

Cary Street Partners Investment Advisory LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 75.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,049 shares of the retailer’s stock after selling 9,458 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Walmart were worth $441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. SeaTown Holdings Pte. Ltd. lifted its holdings in Walmart by 26.6% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after purchasing an additional 53,000 shares during the last quarter. Railway Pension Investments Ltd increased its holdings in shares of Walmart by 28.0% during the third quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after buying an additional 167,800 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Walmart by 1.5% during the third quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock worth $235,608,000 after buying an additional 21,899 shares in the last quarter. Capital Wealth Planning LLC raised its stake in shares of Walmart by 32.5% in the third quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock valued at $338,602,000 after acquiring an additional 518,896 shares during the last quarter. Finally, Pittenger & Anderson Inc. boosted its holdings in shares of Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock worth $7,751,000 after acquiring an additional 325 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Walmart

In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the transaction, the insider now directly owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $55.72, for a total transaction of $167,160.00. Following the sale, the executive vice president now directly owns 530,613 shares of the company’s stock, valued at approximately $29,565,756.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The disclosure for this sale can be found here. Insiders have sold a total of 29,019,140 shares of company stock valued at $1,696,035,551 in the last ninety days. 46.51% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of Walmart stock opened at $59.32 on Wednesday. The stock has a market capitalization of $478.11 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 3.93 and a beta of 0.49. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $59.99 and a two-hundred day simple moving average of $55.90.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The firm had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. During the same period last year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts forecast that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is currently 43.38%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Oppenheimer cut their price objective on Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. JPMorgan Chase & Co. lifted their price target on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Stifel Europe increased their price objective on shares of Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Finally, Tigress Financial raised their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

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.