Boyd Watterson Asset Management LLC OH Trims Holdings in Walmart Inc. (NYSE:WMT)

Boyd Watterson Asset Management LLC OH lowered its holdings in Walmart Inc. (NYSE:WMT) by 5.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,821 shares of the retailer’s stock after selling 300 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Walmart were worth $436,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WMT. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter worth about $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. raised its position in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new stake in shares of Walmart during the third quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company lifted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Piper Sandler boosted their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Finally, TD Cowen lifted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.43.

Walmart Price Performance

NYSE WMT opened at $94.70 on Friday. 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 Inc. has a 12 month low of $57.77 and a 12 month high of $105.30. The stock has a market cap of $760.77 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55. The company’s 50 day moving average is $95.63 and its two-hundred day moving average is $86.44.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current 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. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 34.44%.

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.