Walmart Inc. (NYSE:WMT) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC lowered its stake in shares of Walmart Inc. (NYSE:WMT) by 10.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 763,173 shares of the retailer’s stock after selling 86,628 shares during the period. Walmart comprises about 1.7% of Signature Estate & Investment Advisors LLC’s portfolio, making the stock its 13th largest holding. Signature Estate & Investment Advisors LLC’s holdings in Walmart were worth $68,953,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the 4th quarter worth $32,000. Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Walmart in the third quarter valued at about $43,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on WMT. Citigroup restated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Wells Fargo & Company raised their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. KeyCorp upped their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Stock Up 1.8 %

Walmart stock opened at $87.56 on Tuesday. The firm has a market cap of $701.92 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 4.42 and a beta of 0.53. The firm has a fifty day moving average price of $95.12 and a two-hundred day moving average price of $89.19. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. 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 (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed 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. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 189,777 shares of company stock worth $18,001,116. Company 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.