Atlanta Consulting Group Advisors LLC Sells 142 Shares of Walmart Inc. (NYSE:WMT)

Atlanta Consulting Group Advisors LLC cut its stake in Walmart Inc. (NYSE:WMT) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,830 shares of the retailer’s stock after selling 142 shares during the quarter. Walmart comprises approximately 0.6% of Atlanta Consulting Group Advisors LLC’s holdings, making the stock its 27th largest holding. Atlanta Consulting Group Advisors LLC’s holdings in Walmart were worth $1,701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. Raymond James Financial Inc. purchased a new stake in Walmart in the fourth quarter worth $2,306,627,000. Jennison Associates LLC increased its stake in Walmart by 479.6% in the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock worth $1,492,200,000 after purchasing an additional 15,290,936 shares during the period. FMR LLC increased its stake in Walmart by 12.9% in the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on WMT shares. Truist Financial raised their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price target on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $103.20.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 0.9 %

Walmart stock opened at $85.29 on Monday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50-day moving average price of $95.74 and a 200 day moving average price of $88.80.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business 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. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Walmart Company 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.