Guardian Capital Advisors LP Sells 4,233 Shares of Walmart Inc. (NYSE:WMT)

Guardian Capital Advisors LP trimmed its stake in shares of Walmart Inc. (NYSE:WMTFree Report) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,206 shares of the retailer’s stock after selling 4,233 shares during the period. Walmart comprises about 1.3% of Guardian Capital Advisors LP’s portfolio, making the stock its 21st largest position. Guardian Capital Advisors LP’s holdings in Walmart were worth $12,693,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Peregrine Asset Advisers Inc. raised its holdings in shares of Walmart by 51.2% in the third quarter. Peregrine Asset Advisers Inc. now owns 1,990 shares of the retailer’s stock valued at $318,000 after purchasing an additional 674 shares during the last quarter. Jennison Associates LLC increased its stake in Walmart by 13.2% in the 3rd quarter. Jennison Associates LLC now owns 1,350,507 shares of the retailer’s stock valued at $215,987,000 after buying an additional 157,458 shares during the last quarter. Community Bank & Trust Waco Texas lifted its position in Walmart by 0.4% during the 3rd quarter. Community Bank & Trust Waco Texas now owns 37,498 shares of the retailer’s stock worth $5,997,000 after buying an additional 136 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its stake in shares of Walmart by 10.4% during the 3rd quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,236 shares of the retailer’s stock worth $358,000 after buying an additional 211 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its position in Walmart by 36.2% during the third quarter. Panagora Asset Management Inc. now owns 1,018,325 shares of the retailer’s stock valued at $162,861,000 after purchasing an additional 270,746 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WMT shares. Oppenheimer dropped their price target on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. Evercore ISI upped their target price on shares of Walmart from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday. Tigress Financial lifted their price target on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft lifted their target price on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research note on Friday, February 16th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $61.97.

Get Our Latest Report on Walmart

Insider Activity

In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the sale, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total value of $177,240.00. Following the sale, the executive vice president now directly owns 521,613 shares of the company’s stock, valued at approximately $30,816,896.04. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock worth $1,696,045,631 in the last three months. Corporate insiders own 46.51% of the company’s stock.

Walmart Stock Performance

WMT traded down $0.56 on Tuesday, hitting $59.85. The company’s stock had a trading volume of 18,776,703 shares, compared to its average volume of 18,295,035. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $61.65. The firm has a market cap of $482.27 billion, a P/E ratio of 31.31, a price-to-earnings-growth ratio of 3.95 and a beta of 0.49. 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 company’s 50 day simple moving average is $60.19 and its 200-day simple moving average is $56.30.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Analysts forecast that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 1.39%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is 43.38%.

Walmart Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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