United Capital Management of KS Inc. Sells 319 Shares of Walmart Inc. (NYSE:WMT)

United Capital Management of KS Inc. trimmed its position in Walmart Inc. (NYSE:WMT) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,985 shares of the retailer’s stock after selling 319 shares during the period. Walmart accounts for 1.5% of United Capital Management of KS Inc.’s investment portfolio, making the stock its 22nd biggest position. United Capital Management of KS Inc.’s holdings in Walmart were worth $8,130,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of WMT. Swedbank AB boosted its holdings in Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares during the period. Principal Financial Group Inc. boosted its holdings in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares during the period. Versor Investments LP bought a new position in Walmart in the 3rd quarter valued at $231,000. Curi RMB Capital LLC boosted its holdings in Walmart by 43.2% in the 3rd quarter. Curi RMB Capital LLC now owns 24,450 shares of the retailer’s stock valued at $1,974,000 after purchasing an additional 7,381 shares during the period. Finally, Balboa Wealth Partners lifted its holdings in shares of Walmart by 4.4% during the 3rd quarter. Balboa Wealth Partners now owns 8,639 shares of the retailer’s stock worth $698,000 after acquiring an additional 363 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Sanford C. Bernstein lifted their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Tigress Financial lifted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $103.20.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 38,000 shares of the business’s 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 sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Up 0.9 %

Shares of WMT opened at $85.29 on Friday. The firm’s 50-day moving average price is $95.74 and its 200-day moving average price is $88.62. The firm has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. 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 Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors 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 yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

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.