United Services Automobile Association Cuts Position in Walmart Inc. (NYSE:WMT)

United Services Automobile Association trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 34.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,687 shares of the retailer’s stock after selling 139,411 shares during the period. United Services Automobile Association’s holdings in Walmart were worth $23,914,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter worth $32,000. Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter valued at $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Walmart during the 3rd quarter valued at $43,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 189,777 shares of company stock valued at $18,001,116. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Shares of WMT stock opened at $85.94 on Monday. 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. The firm has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business has a 50 day simple moving average of $95.19 and a 200 day simple moving average of $89.12.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Tigress Financial upped their price objective on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. KeyCorp increased their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

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.