Ethos Financial Group LLC Has $1.33 Million Position in Walmart Inc. (NYSE:WMT)

Ethos Financial Group LLC lowered its holdings in Walmart Inc. (NYSE:WMT) by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,620 shares of the retailer’s stock after selling 467 shares during the quarter. Ethos Financial Group LLC’s holdings in Walmart were worth $1,327,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Lindbrook Capital LLC grew its position in Walmart by 1.1% in the 4th quarter. Lindbrook Capital LLC now owns 32,338 shares of the retailer’s stock valued at $2,922,000 after purchasing an additional 357 shares during the period. Inceptionr LLC grew its position in Walmart by 36.8% in the 4th quarter. Inceptionr LLC now owns 22,230 shares of the retailer’s stock valued at $2,008,000 after purchasing an additional 5,983 shares during the period. Raymond James Financial Inc. acquired a new stake in Walmart in the 4th quarter valued at $2,306,627,000. Promus Capital LLC purchased a new position in Walmart during the 4th quarter worth $393,000. Finally, Vision Financial Markets LLC purchased a new position in Walmart during the 4th quarter worth $588,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock worth $17,657,316 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.1 %

Shares of WMT opened at $96.00 on Thursday. The business’s 50-day moving average price is $96.15 and its 200-day moving average price is $88.09. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The stock has a market cap of $771.16 billion, a PE ratio of 39.83, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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

Walmart Dividend Announcement

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 given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Analyst Ratings Changes

A number of equities analysts have issued reports on WMT shares. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Wells Fargo & Company lifted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, BMO Capital Markets lifted their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $103.07.

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.