X Square Capital LLC Sells 159 Shares of Walmart Inc. (NYSE:WMT)

X Square Capital LLC trimmed its position in shares of Walmart Inc. (NYSE:WMT) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,301 shares of the retailer’s stock after selling 159 shares during the period. Walmart makes up 1.3% of X Square Capital LLC’s portfolio, making the stock its 22nd biggest holding. X Square Capital LLC’s holdings in Walmart were worth $3,099,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares in the company, valued at $44,293,612.80. This trade represents a 2.77 % 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 worth $14,096,140. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Walmart stock opened at $85.62 on Friday. The stock has a market capitalization of $686.37 billion, a P/E ratio of 35.53, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a fifty day moving average of $94.76 and a 200-day moving average of $89.20. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced 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%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on WMT shares. Royal Bank of Canada dropped their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.17.

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.