CWC Advisors LLC. Reduces Stock Position in Walmart Inc. (NYSE:WMT)

CWC Advisors LLC. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,763 shares of the retailer’s stock after selling 192 shares during the quarter. CWC Advisors LLC.’s holdings in Walmart were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors lifted its stake in shares of Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after purchasing an additional 19,233 shares during the period. Candriam S.C.A. grew its position in shares of Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after acquiring an additional 599,257 shares during the period. Modera Wealth Management LLC increased its stake in shares of Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Cushing Capital Partners LLC bought a new position in Walmart in the 4th quarter worth $1,124,000. Finally, Campbell Wealth Management purchased a new position in Walmart during the fourth quarter valued at $359,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the transaction, the executive vice president now directly owns 460,672 shares in the company, valued at $44,293,612.80. This trade represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the transaction, the chief executive officer now directly owns 4,451,199 shares of the company’s stock, valued at approximately $429,896,799.42. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 177,583 shares of company stock worth $16,701,404. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WMT. JPMorgan Chase & Co. raised their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Truist Financial lifted their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday, May 16th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Tuesday, February 25th. Finally, KeyCorp lifted their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Two research analysts have rated the stock with a hold rating, thirty-one have assigned 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 “Moderate Buy” and a consensus price target of $104.94.

Walmart Trading Up 1.2%

NYSE WMT opened at $97.52 on Wednesday. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30. The company has a 50 day moving average price of $92.77 and a 200 day moving average price of $93.15. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $780.25 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the business posted $0.60 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were given a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio is presently 40.17%.

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.