Walmart Inc. (NYSE:WMT) Shares Sold by Eaton Financial Holdings Company LLC

Eaton Financial Holdings Company LLC lowered its position in shares of Walmart Inc. (NYSE:WMT) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,914 shares of the retailer’s stock after selling 607 shares during the quarter. Walmart comprises 0.8% of Eaton Financial Holdings Company LLC’s holdings, making the stock its 28th largest position. Eaton Financial Holdings Company LLC’s holdings in Walmart were worth $1,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart during the fourth quarter worth $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart in the fourth quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.9 %

WMT stock opened at $85.29 on Monday. The company’s 50 day simple moving average is $95.74 and its 200-day simple moving average is $88.80. The firm has a market capitalization of $685.19 billion, a PE ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12 month low of $58.56 and a 12 month 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.

Walmart (NYSE:WMT) last released 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. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of research reports. Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a report on Friday, February 21st. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. TD Cowen upped their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $103.20.

Insider Activity at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the transaction, the executive vice president now owns 348,357 shares of the company’s stock, valued at $32,891,867.94. This trade represents a 4.81 % 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, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,777 shares of company stock valued at $17,657,316. Company insiders own 45.58% of the company’s stock.

Walmart 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.