Horan Securities Inc. Sells 268 Shares of Walmart Inc. (NYSE:WMT)

Horan Securities Inc. decreased its position in Walmart Inc. (NYSE:WMT) by 2.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,275 shares of the retailer’s stock after selling 268 shares during the quarter. Horan Securities Inc.’s holdings in Walmart were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the 4th quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter valued at $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com cut Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Buy” and a consensus price target of $103.07.

Walmart Trading Down 3.1 %

Shares of NYSE:WMT opened at $91.68 on Friday. The stock has a market capitalization of $736.46 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company’s 50-day moving average price is $96.19 and its two-hundred day moving average price is $88.35. 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 Inc. has a one year low of $58.56 and a one year high of $105.30.

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

Walmart Announces Dividend

The company also recently declared 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. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the sale, the executive vice president now owns 460,672 shares in the company, valued at approximately $44,293,612.80. This represents a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 in the last quarter. Company insiders own 45.58% of the company’s stock.

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.