Walmart Inc. (NYSE:WMT) Shares Sold by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. reduced its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 406,943 shares of the retailer’s stock after selling 5,600 shares during the period. Walmart makes up 1.4% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 15th largest position. Adams Diversified Equity Fund Inc.’s holdings in Walmart were worth $36,767,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Gutierrez Wealth Advisory LLC acquired a new position in Walmart during the 4th quarter valued at about $3,420,000. Truepoint Inc. acquired a new position in Walmart during the 4th quarter valued at about $271,000. Ballast Advisors LLC increased its position in Walmart by 3.8% during the 4th quarter. Ballast Advisors LLC now owns 6,746 shares of the retailer’s stock valued at $610,000 after buying an additional 250 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Walmart by 1.7% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 141,836 shares of the retailer’s stock valued at $12,815,000 after purchasing an additional 2,389 shares during the period. Finally, Holderness Investments Co. increased its holdings in shares of Walmart by 0.4% in the fourth quarter. Holderness Investments Co. now owns 39,125 shares of the retailer’s stock valued at $3,535,000 after purchasing an additional 168 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,777 shares of company stock valued at $18,001,116 over the last quarter. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on WMT shares. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Stifel Nicolaus lowered their price target on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday. Two analysts have 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $103.17.

Walmart Price Performance

NYSE:WMT opened at $85.78 on Friday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market cap of $687.70 billion, a PE ratio of 35.59, a P/E/G ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average price of $95.34 and a 200 day moving average price of $88.89.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal 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 paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. 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.