Walmart Inc. (NYSE:WMT) Shares Sold by Curi Wealth Management LLC

Curi Wealth Management LLC cut its holdings in shares of Walmart Inc. (NYSE:WMTFree Report) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,145 shares of the retailer’s stock after selling 319 shares during the period. Curi Wealth Management LLC’s holdings in Walmart were worth $338,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Walmart by 0.6% in the third quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after acquiring an additional 751,713 shares in the last quarter. Morgan Stanley raised its stake in shares of Walmart by 1.8% in the third quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock valued at $3,852,277,000 after acquiring an additional 426,388 shares in the last quarter. FMR LLC raised its stake in shares of Walmart by 8.5% in the third quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock valued at $2,698,519,000 after acquiring an additional 1,317,729 shares in the last quarter. Northern Trust Corp raised its position in Walmart by 4.0% in the 3rd quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock valued at $2,361,411,000 after purchasing an additional 562,256 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Walmart by 0.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 13,011,647 shares of the retailer’s stock valued at $2,081,120,000 after purchasing an additional 78,981 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related 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 transaction of $337,066,728.50. Following the sale, the director now owns 677,052,654 shares of the company’s stock, valued at $39,237,458,141.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director S Robson Walton sold 5,816,175 shares of Walmart 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 transaction, the director now directly owns 677,052,654 shares of the company’s stock, valued at $39,237,458,141.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $59.51, for a total value of $781,068.75. Following the completion of the sale, the executive vice president now directly owns 219,547 shares in the company, valued at approximately $13,065,241.97. 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 90 days. 46.51% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Oppenheimer reduced their target price on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Evercore ISI raised their price objective on shares of Walmart from $66.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. UBS Group lifted their price target on Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $68.00 price objective on shares of Walmart in a report on Friday. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.97.

Get Our Latest Report on WMT

Walmart Stock Performance

Shares of Walmart stock traded down $0.56 on Tuesday, reaching $59.85. 18,776,703 shares of the stock were exchanged, compared to its average volume of 18,295,035. The firm has a market capitalization of $482.27 billion, a PE ratio of 31.31, a PEG ratio of 3.95 and a beta of 0.49. Walmart Inc. has a 1-year low of $48.34 and a 1-year high of $61.65. The business has a fifty day moving average price of $60.19 and a two-hundred day moving average price of $56.30. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. As a group, research analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

About Walmart

(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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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