Bison Wealth LLC Lowers Stock Position in Walmart Inc. (NYSE:WMT)

Bison Wealth LLC lessened its position in shares of Walmart Inc. (NYSE:WMT) by 71.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,670 shares of the retailer’s stock after selling 38,735 shares during the quarter. Bison Wealth LLC’s holdings in Walmart were worth $1,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after acquiring an additional 809,352 shares during the last quarter. Virtu Financial LLC acquired a new position in Walmart in the 3rd quarter valued at about $541,000. SOA Wealth Advisors LLC. grew its stake in shares of Walmart by 4.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer’s stock valued at $731,000 after buying an additional 364 shares during the period. Aldebaran Financial Inc. grew its stake in shares of Walmart by 10.9% in the 3rd quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer’s stock valued at $1,797,000 after buying an additional 2,191 shares during the period. Finally, Tudor Financial Inc. acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $504,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 169,657 shares of company stock worth $15,984,929 over the last three months. Company insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent analyst reports. Mizuho started coverage on Walmart in a research note on Friday, April 11th. They issued an “outperform” rating and a $105.00 price target on the stock. Raymond James dropped their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. UBS Group reduced their price target on shares of Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Three 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.58.

Walmart Price Performance

Shares of NYSE:WMT opened at $96.02 on Wednesday. The business has a fifty day simple moving average of $90.38 and a 200 day simple moving average of $91.05. 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 1 year low of $58.58 and a 1 year high of $105.30. The firm has a market cap of $768.25 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.98%. Walmart’s payout ratio 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.