Walmart Inc. (NYSE:WMT) Shares Sold by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,393 shares of the retailer’s stock after selling 822 shares during the period. Walmart accounts for about 1.0% of Oak Harbor Wealth Partners LLC’s portfolio, making the stock its 26th largest holding. Oak Harbor Wealth Partners LLC’s holdings in Walmart were worth $3,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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 shares of Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WMT. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Tigress Financial upped their price objective on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Performance

NYSE WMT opened at $91.68 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company has a market capitalization of $736.46 billion, a PE ratio of 38.04, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a fifty day moving average of $96.19 and a two-hundred day moving average of $88.26.

Walmart (NYSE:WMT) last released its quarterly earnings data 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share 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 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 1.03%. Walmart’s dividend payout ratio (DPR) is 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.