Walmart Inc. (NYSE:WMT) is CFO4Life Group LLC’s 10th Largest Position

CFO4Life Group LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 177,763 shares of the retailer’s stock after selling 4,392 shares during the quarter. Walmart makes up 2.8% of CFO4Life Group LLC’s investment portfolio, making the stock its 10th biggest position. CFO4Life Group LLC’s holdings in Walmart were worth $16,061,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Balboa Wealth Partners boosted its stake in Walmart by 4.8% during the fourth quarter. Balboa Wealth Partners now owns 9,056 shares of the retailer’s stock worth $818,000 after buying an additional 417 shares during the period. Tredje AP fonden boosted its stake in Walmart by 8.6% during the fourth quarter. Tredje AP fonden now owns 2,020,189 shares of the retailer’s stock worth $182,524,000 after buying an additional 160,649 shares during the period. Mascoma Wealth Management LLC boosted its stake in Walmart by 138.8% during the fourth quarter. Mascoma Wealth Management LLC now owns 745 shares of the retailer’s stock worth $67,000 after buying an additional 433 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Walmart by 107.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 631,589 shares of the retailer’s stock valued at $57,064,000 after purchasing an additional 327,188 shares during the period. Finally, Rakuten Securities Inc. boosted its stake in shares of Walmart by 88.3% in the fourth quarter. Rakuten Securities Inc. now owns 4,661 shares of the retailer’s stock valued at $421,000 after purchasing an additional 2,186 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Roth Mkm reissued a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Oppenheimer raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $103.20.

Insider Transactions at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $85.07 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $683.43 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company’s 50 day simple moving average is $95.96 and its 200-day simple moving average is $88.59. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.