Walmart Inc. (NYSE:WMT) Shares Sold by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT) by 6.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,974 shares of the retailer’s stock after selling 209 shares during the period. Trinity Financial Advisors LLC’s holdings in Walmart were worth $469,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Orion Capital Management LLC increased its stake in shares of Walmart by 47.9% during the fourth quarter. Orion Capital Management LLC now owns 463 shares of the retailer’s stock valued at $73,000 after acquiring an additional 150 shares during the period. Essex Financial Services Inc. increased its stake in shares of Walmart by 18.8% during the fourth quarter. Essex Financial Services Inc. now owns 10,713 shares of the retailer’s stock valued at $1,689,000 after acquiring an additional 1,696 shares during the period. Triumph Capital Management acquired a new position in shares of Walmart during the fourth quarter valued at approximately $342,000. ICW Investment Advisors LLC boosted its holdings in Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after buying an additional 62 shares in the last quarter. Finally, Berry Wealth Group LP bought a new stake in Walmart during the fourth quarter worth approximately $3,724,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Oppenheimer decreased their price objective on shares of Walmart to $67.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $68.00 price objective on shares of Walmart in a research note on Wednesday, March 27th. Evercore ISI decreased their price objective on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Tigress Financial raised their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Insider Activity

In related news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares in the company, valued at $38,582,913,441.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now directly owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Jim C. Walton sold 2,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the sale, the insider now directly owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The disclosure for this sale can be found here. Insiders sold a total of 29,019,140 shares of company stock valued at $1,696,035,551 over the last quarter. Company insiders own 46.51% of the company’s stock.

Walmart Price Performance

WMT traded down $0.40 during trading on Wednesday, hitting $58.95. The company’s stock had a trading volume of 10,984,555 shares, compared to its average volume of 18,596,623. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The business’s fifty day simple moving average is $59.99 and its 200 day simple moving average is $55.90. The firm has a market capitalization of $475.12 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 3.93 and a beta of 0.49. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $61.65.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is currently 43.38%.

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.