First Horizon Advisors Inc. Sells 14,763 Shares of Walmart Inc. (NYSE:WMT)

First Horizon Advisors Inc. cut its stake in Walmart Inc. (NYSE:WMT) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,433 shares of the retailer’s stock after selling 14,763 shares during the period. Walmart accounts for 1.2% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 15th largest holding. First Horizon Advisors Inc.’s holdings in Walmart were worth $41,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Hara Capital LLC bought a new position in shares of Walmart during the 3rd quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 2.6 %

Shares of Walmart stock opened at $94.70 on Friday. Walmart Inc. has a 1 year low of $57.77 and a 1 year high of $105.30. The firm has a market cap of $760.77 billion, a PE ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. The stock has a fifty day moving average price of $95.63 and a 200-day moving average price of $86.57. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during 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%. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart’s payout ratio is 34.44%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. TD Cowen upped their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Wells Fargo & Company upped their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $102.43.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction 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 in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is owned by company insiders.

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.