Hazlett Burt & Watson Inc. Sells 188 Shares of Walmart Inc. (NYSE:WMT)

Hazlett Burt & Watson Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,916 shares of the retailer’s stock after selling 188 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Walmart were worth $536,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Partners in Financial Planning acquired a new stake in Walmart in the fourth quarter worth $552,000. Everstar Asset Management LLC raised its stake in Walmart by 11.3% during the 4th quarter. Everstar Asset Management LLC now owns 5,820 shares of the retailer’s stock worth $526,000 after buying an additional 591 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in Walmart by 12.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,049,715 shares of the retailer’s stock worth $94,842,000 after acquiring an additional 118,803 shares in the last quarter. Delos Wealth Advisors LLC grew its stake in Walmart by 2.7% in the fourth quarter. Delos Wealth Advisors LLC now owns 51,505 shares of the retailer’s stock valued at $4,653,000 after acquiring an additional 1,346 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Walmart in the fourth quarter worth about $308,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Trading Down 0.6 %

Shares of Walmart stock opened at $85.08 on Monday. 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 business has a fifty day simple moving average of $94.62 and a two-hundred day simple moving average of $89.40. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company has a market capitalization of $682.04 billion, a price-to-earnings ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Dividend Announcement

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

Insider Buying and Selling

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 147,528 shares of company stock valued at $14,096,140. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Robert W. Baird increased their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Citigroup restated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. Piper Sandler lifted 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. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two research analysts have 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, Walmart currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

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.