Walmart Inc. (NYSE:WMT) Stock Holdings Cut by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,449 shares of the retailer’s stock after selling 929 shares during the quarter. Walmart accounts for approximately 2.4% of Heritage Wealth Management Inc.’s portfolio, making the stock its 7th largest holding. Heritage Wealth Management Inc.’s holdings in Walmart were worth $7,178,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Sherman Asset Management Inc. purchased a new position in Walmart during the 4th quarter worth $677,000. Onefund LLC boosted its holdings in shares of Walmart by 2.9% in the 4th quarter. Onefund LLC now owns 11,730 shares of the retailer’s stock worth $1,060,000 after buying an additional 327 shares during the last quarter. Nixon Peabody Trust Co. boosted its holdings in shares of Walmart by 1.4% in the 4th quarter. Nixon Peabody Trust Co. now owns 198,763 shares of the retailer’s stock worth $17,958,000 after buying an additional 2,761 shares during the last quarter. Middleton & Co. Inc. MA boosted its holdings in shares of Walmart by 1.4% in the 4th quarter. Middleton & Co. Inc. MA now owns 10,211 shares of the retailer’s stock worth $923,000 after buying an additional 140 shares during the last quarter. Finally, Flaharty Asset Management LLC boosted its holdings in shares of Walmart by 88.2% in the 4th quarter. Flaharty Asset Management LLC now owns 6,226 shares of the retailer’s stock worth $563,000 after buying an additional 2,917 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. Citigroup reissued a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Royal Bank of Canada cut their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday. Finally, BMO Capital Markets upped their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $103.07.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,777 shares of company stock valued at $17,934,726 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 1.9 %

WMT stock opened at $98.65 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $95.90 and its 200 day moving average is $87.58. The stock has a market cap of $792.52 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $58.20 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

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.