Walmart Inc. (NYSE:WMT) Shares Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,980 shares of the retailer’s stock after selling 2,300 shares during the period. Walmart makes up 1.1% of Shayne & Jacobs LLC’s portfolio, making the stock its 12th biggest position. Shayne & Jacobs LLC’s holdings in Walmart were worth $4,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WMT. Geode Capital Management LLC grew its stake in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the last quarter. FMR LLC raised its stake in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. increased its position in Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 4.4 %

Shares of WMT opened at $97.81 on Wednesday. The stock has a fifty day moving average of $95.65 and a 200-day moving average of $87.10. 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 $58.18 and a 52 week high of $105.30. The stock has a market capitalization of $785.78 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. Walmart’s payout ratio is currently 39.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a report on Monday. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Barclays increased their price target on Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $103.07.

Insider Transactions at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction 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 owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. This trade represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 146,528 shares of company stock worth $13,849,185. 45.58% of the stock is owned by company insiders.

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.