Brown Advisory Inc. Decreases Position in Walmart Inc. (NYSE:WMT)

Brown Advisory Inc. decreased its position in shares of Walmart Inc. (NYSE:WMTFree Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,704 shares of the retailer’s stock after selling 1,070 shares during the period. Brown Advisory Inc.’s holdings in Walmart were worth $21,236,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Seven Mile Advisory increased its position in Walmart by 1.6% during the third quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after buying an additional 61 shares during the period. Flynn Zito Capital Management LLC increased its holdings in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC increased its holdings in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. increased its holdings in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the period. Finally, Gateway Advisory LLC increased its holdings in shares of Walmart by 4.1% in the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the transaction, the insider now owns 652,044,261 shares of the company’s stock, valued at approximately $39,729,056,822.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, major shareholder Alice L. Walton sold 345,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total transaction of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares in the company, valued at approximately $39,729,056,822.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $60.81, for a total value of $798,131.25. Following the sale, the executive vice president now owns 645,517 shares in the company, valued at $39,253,888.77. The disclosure for this sale can be found here. Insiders have sold a total of 29,019,140 shares of company stock valued at $1,696,045,631 in the last quarter. Insiders own 46.51% of the company’s stock.

Walmart Stock Performance

Walmart stock opened at $64.65 on Monday. The firm has a market capitalization of $520.95 billion, a P/E ratio of 27.67, a PEG ratio of 4.16 and a beta of 0.49. The stock has a fifty day moving average price of $60.34 and a 200 day moving average price of $56.51. Walmart Inc. has a 52 week low of $48.34 and a 52 week high of $64.88. The company has a current ratio of 0.80, a quick ratio of 0.23 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMTGet Free Report) last announced its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analyst estimates of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.39 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is presently 35.52%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stifel Europe boosted their target price on Walmart from $56.33 to $58.33 in a report on Friday, February 16th. KeyCorp boosted their target price on Walmart from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Friday. Bank of America boosted their target price on Walmart from $67.00 to $75.00 and gave the company a “buy” rating in a report on Friday. Truist Financial boosted their target price on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research note on Monday, February 19th. Four analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $67.69.

Check Out Our Latest Stock Report on Walmart

Walmart Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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