Walmart Inc. (NYSE:WMT) Position Decreased by W.H. Cornerstone Investments Inc.

W.H. Cornerstone Investments Inc. lowered its holdings in Walmart Inc. (NYSE:WMT) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,419 shares of the retailer’s stock after selling 428 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Walmart were worth $1,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Authentikos Wealth Advisory LLC acquired a new position in shares of Walmart in the 3rd quarter worth $25,000. Signature Resources Capital Management LLC acquired a new stake in Walmart during the 4th quarter worth about $35,000. Kepos Capital LP purchased a new stake in Walmart during the third quarter valued at about $40,000. Milestone Investment Advisors LLC acquired a new position in shares of Walmart in the third quarter worth about $41,000. Finally, Fortitude Family Office LLC purchased a new position in shares of Walmart in the fourth quarter worth approximately $45,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director S Robson Walton sold 5,816,175 shares of the business’s stock in a transaction on 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 transaction, the director now 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 Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 22nd. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 transaction, the director now owns 677,052,654 shares in the company, valued at $39,237,458,141.48. The disclosure for this sale can be found here. Insiders have sold a total of 29,019,140 shares of company stock valued at $1,696,045,631 in the last three months. Company insiders own 46.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on WMT. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research note on Friday, February 16th. Oppenheimer lowered their price target on Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Morgan Stanley lowered their target price on Walmart to $66.67 and set an “overweight” rating on the stock in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.75.

Walmart Stock Performance

Shares of Walmart stock traded up $0.11 on Friday, reaching $59.82. The stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65. The business’s 50-day moving average price is $60.06 and its two-hundred day moving average price is $56.02. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83. The stock has a market cap of $482.03 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49.

Walmart (NYSE:WMT) last released its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The firm 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 business’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

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 issued a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is currently 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.