Walmart Inc. (NYSE:WMT) is Greystone Financial Group LLC’s 8th Largest Position

Greystone Financial Group LLC trimmed its holdings in Walmart Inc. (NYSE:WMT) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 168,261 shares of the retailer’s stock after selling 6,535 shares during the quarter. Walmart accounts for approximately 2.6% of Greystone Financial Group LLC’s investment portfolio, making the stock its 8th biggest holding. Greystone Financial Group LLC’s holdings in Walmart were worth $15,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. boosted its position in Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after purchasing an additional 174 shares in the last quarter. Finally, Hara Capital LLC acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 2.6 %

Shares of WMT stock opened at $94.70 on Friday. Walmart Inc. has a twelve month low of $57.77 and a twelve month high of $105.30. The stock has a market cap of $760.77 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55. The company’s 50-day moving average price is $95.63 and its 200-day moving average price is $86.44. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts predict 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 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 yield of 0.99%. Walmart’s dividend payout ratio is currently 34.44%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,777 shares of company stock worth $16,570,112 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WMT shares. Sanford C. Bernstein increased their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Stifel Nicolaus upped their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. UBS Group dropped their target price on Walmart from $113.00 to $112.00 and set a “buy” rating on the stock in a research report on Friday. KeyCorp upped their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Royal Bank of Canada lowered their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.