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:WMTFree Report) 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:WMTGet Free Report) 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.

Read Our Latest Analysis on WMT

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

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTFree Report).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

Receive News & Ratings for Walmart Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walmart and related companies with MarketBeat.com's FREE daily email newsletter.