TCTC Holdings LLC Has $24.30 Million Position in Walmart Inc. (NYSE:WMT)

TCTC Holdings LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 268,928 shares of the retailer’s stock after acquiring an additional 339 shares during the quarter. TCTC Holdings LLC’s holdings in Walmart were worth $24,298,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Coyle Financial Counsel LLC boosted its stake in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after acquiring an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. raised its holdings in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the period. Blackston Financial Advisory Group LLC lifted its stake in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares during the last quarter. Van Strum & Towne Inc. grew its holdings in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares during the period. Finally, Scarborough Advisors LLC increased its position in Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after buying an additional 109 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated 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 owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 over the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.9 %

Shares of WMT 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. The business has a 50-day moving average price of $95.74 and a two-hundred day moving average price of $88.80. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The firm has a market cap of $685.19 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $178.83 billion. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Analyst Ratings Changes

WMT has been the subject of a number of recent research reports. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Jefferies Financial Group raised their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. UBS Group reissued a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Bank of America raised their target price on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Evercore ISI decreased their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $103.20.

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.