Walmart Inc. (NYSE:WMT) Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. trimmed its holdings in shares of Walmart Inc. (NYSE:WMT) by 38.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,605 shares of the retailer’s stock after selling 39,215 shares during the period. Walmart comprises 1.1% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 29th largest position. EFG Asset Management Americas Corp.’s holdings in Walmart were worth $5,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Haven Private LLC acquired a new position in Walmart during the fourth quarter valued at approximately $3,657,000. Novus Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at $710,000. Andra AP fonden boosted its stake in shares of Walmart by 27.2% in the fourth quarter. Andra AP fonden now owns 482,400 shares of the retailer’s stock valued at $43,585,000 after purchasing an additional 103,100 shares during the period. Jackson Creek Investment Advisors LLC purchased a new position in shares of Walmart in the fourth quarter valued at $626,000. Finally, BBR Partners LLC boosted its stake in shares of Walmart by 17.1% in the fourth quarter. BBR Partners LLC now owns 78,931 shares of the retailer’s stock valued at $7,131,000 after purchasing an additional 11,533 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 over the last three months. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on WMT shares. KeyCorp upped their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Robert W. Baird upped their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Stock Performance

Shares of WMT opened at $94.59 on Friday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a 50-day moving average of $96.19 and a two-hundred day moving average of $88.13. The stock has a market cap of $759.87 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 4.42 and a beta of 0.53. 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 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared 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. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

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.