Tower Bridge Advisors Sells 1,384 Shares of Walmart Inc. (NYSE:WMT)

Tower Bridge Advisors cut its holdings in Walmart Inc. (NYSE:WMT) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,732 shares of the retailer’s stock after selling 1,384 shares during the period. Tower Bridge Advisors’ holdings in Walmart were worth $8,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter worth approximately $25,000. Peterson Financial Group Inc. bought a new position in Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at $32,000. Finally, Hara Capital LLC bought a new position in Walmart in the 3rd quarter valued at $37,000. 26.76% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total transaction of $277,410.00. Following the sale, the executive vice president now owns 375,165 shares in the company, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,777 shares of company stock valued at $17,934,726. Insiders own 45.58% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $98.65 on Friday. 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 company has a market capitalization of $792.52 billion, a PE ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55. The firm has a fifty day simple moving average of $95.90 and a two-hundred day simple moving average of $87.44. Walmart Inc. has a twelve month low of $58.20 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted 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. The business had revenue of $180.55 billion during 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 expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

WMT has been the subject of several analyst reports. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday. BMO Capital Markets raised their price target on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, Robert W. Baird raised their price target on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $103.07.

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.