Walmart Inc. (NYSE:WMT) Shares Sold by Obermeyer Wealth Partners

Obermeyer Wealth Partners reduced its position in Walmart Inc. (NYSE:WMT) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 370,925 shares of the retailer’s stock after selling 446 shares during the quarter. Walmart comprises about 1.7% of Obermeyer Wealth Partners’ investment portfolio, making the stock its 19th biggest position. Obermeyer Wealth Partners’ holdings in Walmart were worth $33,513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new position in Walmart in the fourth quarter valued at about $5,737,355,000. Fisher Asset Management LLC grew its stake in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer’s stock worth $3,943,049,000 after acquiring an additional 3,550,037 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Mizuho began coverage on shares of Walmart in a research note on Friday, April 11th. They issued an “outperform” rating and a $105.00 price target for the company. KeyCorp boosted their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Stifel Nicolaus decreased their price target on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler boosted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.94.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $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 133,857 shares of company stock worth $12,444,743 in the last ninety days. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 0.0%

Shares of NYSE:WMT opened at $96.75 on Tuesday. The company has a market capitalization of $774.09 billion, a PE ratio of 40.15, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 1 year low of $59.44 and a 1 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. The business has a fifty day moving average price of $90.68 and a two-hundred day moving average price of $92.14.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.