K.J. Harrison & Partners Inc Sells 1,080 Shares of Walmart Inc. (NYSE:WMT)

K.J. Harrison & Partners Inc lowered its stake in Walmart Inc. (NYSE:WMT) by 22.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,768 shares of the retailer’s stock after selling 1,080 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Walmart were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. New York Life Investment Management LLC lifted its holdings in Walmart by 0.7% during the fourth quarter. New York Life Investment Management LLC now owns 582,171 shares of the retailer’s stock valued at $52,599,000 after purchasing an additional 3,997 shares in the last quarter. Apriem Advisors raised its position in shares of Walmart by 8.2% during the 4th quarter. Apriem Advisors now owns 2,855 shares of the retailer’s stock valued at $258,000 after purchasing an additional 217 shares during the period. Allegiance Financial Group Advisory Services LLC purchased a new position in shares of Walmart during the 4th quarter valued at $209,000. SRN Advisors LLC boosted its holdings in Walmart by 1.3% in the 4th quarter. SRN Advisors LLC now owns 12,632 shares of the retailer’s stock worth $1,141,000 after buying an additional 158 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in Walmart in the 4th quarter worth $232,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Up 0.7 %

Shares of NYSE WMT opened at $96.88 on Friday. Walmart Inc. has a 1 year low of $58.20 and a 1 year high of $105.30. The firm has a 50-day simple moving average of $95.77 and a two-hundred day simple moving average of $87.23. The company has a market cap of $778.23 billion, a P/E ratio of 40.20, a PEG ratio of 4.42 and a beta of 0.55. 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 issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.97%. Walmart’s dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on WMT shares. Piper Sandler lifted their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. TD Cowen boosted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Citigroup reiterated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target of $103.07.

Insider Transactions at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the sale, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,528 shares of company stock valued at $13,849,185. 45.58% of the stock is currently owned by company insiders.

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.