HUB Investment Partners LLC Sells 9,394 Shares of Walmart Inc. (NYSE:WMT)

HUB Investment Partners LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 302,703 shares of the retailer’s stock after selling 9,394 shares during the period. Walmart comprises 1.1% of HUB Investment Partners LLC’s holdings, making the stock its 17th biggest holding. HUB Investment Partners LLC’s holdings in Walmart were worth $27,349,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter worth approximately $32,000. Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walmart during the third quarter valued at approximately $43,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $86.36 on Thursday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The stock has a market cap of $693.80 billion, a P/E ratio of 35.84, a PEG ratio of 4.42 and a beta of 0.53. The company has a 50-day moving average price of $95.45 and a 200 day moving average price of $88.92. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

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

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on WMT shares. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Roth Mkm restated a “buy” rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and an average target price 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.