Forvis Mazars Wealth Advisors LLC Sells 510 Shares of Walmart Inc. (NYSE:WMT)

Forvis Mazars Wealth Advisors LLC decreased its stake in shares of Walmart Inc. (NYSE:WMT) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 207,733 shares of the retailer’s stock after selling 510 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Walmart were worth $18,769,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brophy Wealth Management LLC bought a new stake in shares of Walmart during the 3rd quarter valued at about $2,072,000. Bank of New Hampshire boosted its stake in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Iowa State Bank boosted its stake in Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Walmart during the third quarter worth about $541,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 2.6 %

Shares of WMT stock opened at $94.70 on Friday. Walmart Inc. has a 12 month low of $57.77 and a 12 month high of $105.30. The stock has a market cap of $760.77 billion, a P/E ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a 50 day simple moving average of $95.63 and a two-hundred day simple moving average of $86.57.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS 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. On average, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio is currently 34.44%.

Insider Buying and Selling at Walmart

In other news, Director Robert Edward Jr. Moritz purchased 5,446 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,777 shares of company stock valued at $16,570,112. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WMT shares. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price objective on shares of Walmart in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.43.

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.