Invenio Wealth Partners LLC Sells 351 Shares of Walmart Inc. (NYSE:WMT)

Invenio Wealth Partners LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,388 shares of the retailer’s stock after selling 351 shares during the period. Invenio Wealth Partners LLC’s holdings in Walmart were worth $487,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Quantbot Technologies LP bought a new position in Walmart during the third quarter worth about $270,000. PDT Partners LLC acquired a new position in Walmart in the third quarter valued at about $538,000. Cobblestone Capital Advisors LLC NY increased its holdings in shares of Walmart by 11.8% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 9,251 shares of the retailer’s stock worth $747,000 after acquiring an additional 980 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Walmart during the third quarter worth about $17,403,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on WMT shares. Stifel Nicolaus decreased their price objective on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Piper Sandler increased their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Morgan Stanley reiterated an “overweight” rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Two research 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,652 shares of company stock worth $16,590,028. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 3.3 %

Walmart stock opened at $87.94 on Tuesday. The company’s 50-day moving average price is $94.54 and its two-hundred day moving average price is $89.46. 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 stock has a market cap of $704.97 billion, a P/E ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

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

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. Walmart’s payout ratio is presently 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.