Seizert Capital Partners LLC Cuts Stock Position in Walmart Inc. (NYSE:WMT)

Seizert Capital Partners LLC decreased its holdings in shares of Walmart Inc. (NYSE:WMT) by 12.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 509,800 shares of the retailer’s stock after selling 74,477 shares during the quarter. Walmart comprises about 2.1% of Seizert Capital Partners LLC’s holdings, making the stock its 18th biggest position. Seizert Capital Partners LLC’s holdings in Walmart were worth $46,060,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the fourth quarter worth about $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now directly owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. The trade was a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock valued at $17,657,316 in the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Piper Sandler lifted their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Oppenheimer upped their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Truist Financial boosted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Trading Down 2.9 %

Shares of WMT opened at $94.74 on Wednesday. The firm’s 50 day simple moving average is $96.08 and its 200 day simple moving average is $88.03. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $761.04 billion, a P/E ratio of 39.31, a P/E/G ratio of 4.42 and a beta of 0.55.

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

About Walmart

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.