Oberweis Asset Management Inc. Sells 390 Shares of Walmart Inc. (NYSE:WMT)

Oberweis Asset Management Inc. lowered its position in shares of Walmart Inc. (NYSE:WMT) by 13.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,604 shares of the retailer’s stock after selling 390 shares during the quarter. Oberweis Asset Management Inc.’s holdings in Walmart were worth $235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Annis Gardner Whiting Capital Advisors LLC boosted its position in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock worth $538,000 after purchasing an additional 98 shares during the last quarter. Coyle Financial Counsel LLC boosted its holdings in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. boosted its holdings in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC grew its position in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after buying an additional 106 shares during the period. Finally, Van Strum & Towne Inc. increased its holdings in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $95.89 on Friday. The firm has a 50 day simple moving average of $90.75 and a two-hundred day simple moving average of $90.66. The stock has a market cap of $768.74 billion, a PE ratio of 39.79, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $58.58 and a one year 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 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 business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.98%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 140,533 shares of company stock worth $13,241,740 over the last ninety days. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Citigroup reissued a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Mizuho started coverage on Walmart in a research note on Friday, April 11th. They set an “outperform” rating and a $105.00 price target for the company. Finally, Guggenheim restated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $103.58.

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.