RB Capital Management LLC Sells 226 Shares of Walmart Inc. (NYSE:WMT)

RB Capital Management LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 33,827 shares of the retailer’s stock after selling 226 shares during the quarter. RB Capital Management LLC’s holdings in Walmart were worth $3,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. World Investment Advisors lifted its holdings in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after acquiring an additional 19,233 shares during the period. Candriam S.C.A. lifted its holdings in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Modera Wealth Management LLC lifted its holdings in shares of Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after acquiring an additional 9,292 shares during the period. Cushing Capital Partners LLC bought a new stake in shares of Walmart during the 4th quarter worth approximately $1,124,000. Finally, Campbell Wealth Management bought a new stake in shares of Walmart during the 4th quarter worth approximately $359,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.4%

WMT opened at $96.48 on Thursday. Walmart Inc. has a twelve month low of $64.16 and a twelve month high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $91.95 and a 200-day moving average of $92.72. The stock has a market cap of $771.89 billion, a PE ratio of 40.03, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the prior year, the company posted $0.60 earnings per share. Walmart’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. Robert W. Baird upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. UBS Group dropped their price objective on shares of Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Finally, Piper Sandler increased their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price of $104.94.

Insider Transactions at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 166,035 shares of company stock worth $15,548,082 over the last three months. 45.58% of the stock is owned by company insiders.

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.