Clear Creek Financial Management LLC lessened its stake in shares of Walmart Inc. (NYSE:WMT – Get Rating) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,896 shares of the retailer’s stock after selling 301 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Walmart were worth $269,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Red Door Wealth Management LLC raised its position in Walmart by 6.8% in the fourth quarter. Red Door Wealth Management LLC now owns 32,068 shares of the retailer’s stock worth $4,547,000 after acquiring an additional 2,031 shares in the last quarter. Landmark Financial Advisors LLC raised its position in Walmart by 6.0% in the fourth quarter. Landmark Financial Advisors LLC now owns 7,285 shares of the retailer’s stock worth $1,033,000 after acquiring an additional 410 shares in the last quarter. Resonant Capital Advisors LLC purchased a new position in Walmart in the fourth quarter worth $475,000. JB Capital LLC raised its position in Walmart by 4.3% in the fourth quarter. JB Capital LLC now owns 43,265 shares of the retailer’s stock worth $6,134,000 after acquiring an additional 1,791 shares in the last quarter. Finally, Patton Albertson Miller Group LLC raised its position in Walmart by 0.7% in the fourth quarter. Patton Albertson Miller Group LLC now owns 28,413 shares of the retailer’s stock worth $4,029,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 31.27% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Walmart from $164.00 to $169.00 in a research report on Wednesday, February 22nd. Credit Suisse Group set a $170.00 price target on Walmart and gave the company an “outperform” rating in a research report on Wednesday, February 22nd. Morgan Stanley dropped their price target on Walmart from $161.00 to $160.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Roth Capital restated a “buy” rating on shares of Walmart in a research report on Tuesday, February 14th. Finally, Oppenheimer dropped their price target on Walmart from $165.00 to $160.00 and set an “outperform” rating for the company in a research report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.06.
Walmart Stock Up 1.2 %
Walmart (NYSE:WMT – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The retailer reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.20. The business had revenue of $164.05 billion for the quarter, compared to analyst estimates of $158.67 billion. Walmart had a return on equity of 20.45% and a net margin of 1.91%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.53 EPS. On average, research analysts forecast that Walmart Inc. will post 6.08 EPS for the current year.
Walmart Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 8th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Thursday, December 7th. Walmart’s dividend payout ratio is currently 53.27%.
Insider Activity
In other news, major shareholder Jim C. Walton sold 852,215 shares of Walmart stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $144.26, for a total value of $122,940,535.90. Following the transaction, the insider now directly owns 266,841,420 shares of the company’s stock, valued at approximately $38,494,543,249.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP John R. Furner sold 4,375 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $143.03, for a total transaction of $625,756.25. Following the sale, the executive vice president now directly owns 243,548 shares in the company, valued at approximately $34,834,670.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Jim C. Walton sold 852,215 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $144.26, for a total value of $122,940,535.90. Following the sale, the insider now owns 266,841,420 shares in the company, valued at $38,494,543,249.20. The disclosure for this sale can be found here. Insiders have sold 21,053,710 shares of company stock valued at $2,982,527,217 in the last three months. Corporate insiders own 47.06% of the company’s stock.
Walmart Profile
Walmart, Inc engages in retail and wholesale business. The company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam’s Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands.
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