Fiduciary Group LLC Trims Position in Walmart Inc. (NYSE:WMT)

Fiduciary Group LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,948 shares of the retailer’s stock after selling 2,106 shares during the quarter. Walmart accounts for approximately 1.8% of Fiduciary Group LLC’s portfolio, making the stock its 13th largest holding. Fiduciary Group LLC’s holdings in Walmart were worth $17,704,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth about $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of Walmart in the third quarter valued at approximately $43,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada lowered their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Roth Mkm reissued a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Stifel Nicolaus upped 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. KeyCorp upped their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Walmart Stock Up 0.9 %

WMT stock opened at $86.36 on Thursday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a market capitalization of $693.80 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm’s 50-day moving average is $95.45 and its two-hundred day moving average is $88.92. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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 annualized dividend and a dividend yield of 1.09%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction that occurred on Friday, February 21st. The stock was 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 in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 in the last quarter. Insiders own 45.58% of the company’s stock.

About Walmart

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.