Elo Mutual Pension Insurance Co Sells 16,935 Shares of Walmart Inc. (NYSE:WMT)

Elo Mutual Pension Insurance Co cut its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 403,454 shares of the retailer’s stock after selling 16,935 shares during the period. Walmart makes up approximately 0.8% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 20th largest holding. Elo Mutual Pension Insurance Co’s holdings in Walmart were worth $36,452,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $32,000. Noble Wealth Management PBC bought a new stake in Walmart in the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in Walmart in the 3rd quarter worth $43,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was 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 in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on WMT shares. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Truist Financial increased their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Citigroup reiterated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Trading Up 0.4 %

Shares of WMT stock opened at $85.13 on Thursday. The company has a market cap of $682.45 billion, a P/E ratio of 35.32, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The stock has a 50 day simple moving average of $94.87 and a two-hundred day simple moving average of $89.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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 $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s payout ratio is 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.