Eagle Strategies LLC Sells 368 Shares of Walmart Inc. (NYSE:WMT)

Eagle Strategies LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,022 shares of the retailer’s stock after selling 368 shares during the quarter. Eagle Strategies LLC’s holdings in Walmart were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Walmart in the fourth quarter valued at about $5,737,355,000. Raymond James Financial Inc. acquired a new position in shares of Walmart during the 4th quarter worth approximately $2,306,627,000. Jennison Associates LLC raised its position in shares of Walmart by 37.1% in the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock valued at $2,289,419,000 after buying an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp grew its position in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Walmart by 8.9% in the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock valued at $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on WMT shares. Truist Financial boosted their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Oppenheimer decreased their price target on Walmart from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Wells Fargo & Company boosted their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.58.

Insider Activity

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the executive vice president now directly owns 423,597 shares in the company, 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. Insiders sold 169,657 shares of company stock worth $15,984,929 in the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of NYSE WMT opened at $97.44 on Friday. The company has a market capitalization of $779.57 billion, a PE ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30. The firm has a fifty day simple moving average of $90.50 and a 200 day simple moving average of $91.21.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS 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 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. 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.