FSB Premier Wealth Management Inc. Reduces Position in Walmart Inc. (NYSE:WMT)

FSB Premier Wealth Management Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 5.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,548 shares of the retailer’s stock after selling 532 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Walmart were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of WMT. Norges Bank bought a new stake in Walmart during the 4th quarter valued at $5,737,355,000. Raymond James Financial Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $2,306,627,000. Jennison Associates LLC lifted its holdings in Walmart by 37.1% during the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer’s stock worth $2,289,419,000 after purchasing an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Royal Bank of Canada reduced their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Finally, Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Price Performance

Shares of WMT stock opened at $85.08 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm has a market cap of $682.04 billion, a P/E ratio of 35.30, a P/E/G ratio of 4.42 and a beta of 0.53. The business’s 50 day moving average price is $94.62 and its 200-day moving average price is $89.40.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s dividend payout ratio (DPR) is presently 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.