Walmart Inc. (NYSE:WMT) Shares Sold by Lokken Investment Group LLC

Lokken Investment Group LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,109 shares of the retailer’s stock after selling 1,595 shares during the quarter. Walmart makes up about 1.0% of Lokken Investment Group LLC’s holdings, making the stock its 26th biggest position. Lokken Investment Group LLC’s holdings in Walmart were worth $2,269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. Principal Financial Group Inc. raised its stake in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after buying an additional 809,352 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Walmart during the 3rd quarter worth approximately $270,000. PDT Partners LLC purchased a new stake in shares of Walmart in the third quarter valued at $538,000. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Walmart by 11.8% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 9,251 shares of the retailer’s stock valued at $747,000 after acquiring an additional 980 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new stake in Walmart during the 3rd quarter worth about $17,403,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on WMT shares. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. 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. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two 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 stock. Based on data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was 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 of the company’s stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,652 shares of company stock worth $16,590,028. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Up 3.3 %

Shares of Walmart stock opened at $87.94 on Tuesday. 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 1-year low of $58.56 and a 1-year high of $105.30. The business has a 50-day moving average of $94.54 and a 200-day moving average of $89.46. The company has a market capitalization of $704.97 billion, a PE ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Walmart Company 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.