TCI Wealth Advisors Inc. Cuts Stake in Walmart Inc. (NYSE:WMT)

TCI Wealth Advisors Inc. lessened its stake in Walmart Inc. (NYSE:WMT) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,893 shares of the retailer’s stock after selling 985 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Walmart were worth $929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of WMT. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Walmart by 24.6% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after purchasing an additional 15,448 shares in the last quarter. SeaTown Holdings Pte. Ltd. lifted its stake in Walmart by 26.6% during the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock valued at $40,398,000 after acquiring an additional 53,000 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Walmart by 1.5% during the 3rd quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock valued at $235,608,000 after acquiring an additional 21,899 shares during the last quarter. Capital Wealth Planning LLC grew its stake in shares of Walmart by 32.5% in the third quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after acquiring an additional 518,896 shares during the period. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Walmart by 0.7% during the third quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock valued at $7,751,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the completion of the sale, the director now owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the transaction, the director now directly owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the sale, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,019,140 shares of company stock worth $1,696,045,631. 46.51% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the topic of a number of recent research reports. Morgan Stanley lowered their target price on Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research report on Friday, February 16th. Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Oppenheimer cut their price objective on shares of Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. Finally, Evercore ISI reduced their price objective on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Four 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Trading Up 0.2 %

WMT traded up $0.11 during trading hours on Friday, reaching $59.82. 14,207,397 shares of the company’s stock traded hands, compared to its average volume of 13,769,110. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $60.06 and a 200 day moving average price of $56.02. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65. The firm has a market capitalization of $482.03 billion, a PE ratio of 31.26, a PEG ratio of 3.91 and a beta of 0.49.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is 43.38%.

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.