Fi3 FINANCIAL ADVISORS LLC Lowers Stake in Walmart Inc. (NYSE:WMT)

Fi3 FINANCIAL ADVISORS LLC decreased its position in shares of Walmart Inc. (NYSE:WMT) by 12.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,151 shares of the retailer’s stock after selling 300 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Walmart were worth $339,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new position in Walmart in the third quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new position in shares of Walmart during the 4th quarter valued at about $35,000. Kepos Capital LP acquired a new stake in shares of Walmart in the third quarter worth approximately $40,000. Milestone Investment Advisors LLC acquired a new stake in shares of Walmart in the third quarter worth approximately $41,000. Finally, Fortitude Family Office LLC acquired a new position in Walmart during the fourth quarter worth approximately $45,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the sale, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director S Robson Walton sold 5,816,175 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the completion of the transaction, the director now directly owns 677,052,654 shares of the company’s stock, valued at approximately $39,237,458,141.48. 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 over the last quarter. Corporate insiders own 46.51% of the company’s stock.

Walmart Stock Performance

WMT stock traded up $0.11 during mid-day trading on Friday, reaching $59.82. The company had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. The stock’s 50-day simple moving average is $60.06 and its two-hundred day simple moving average is $55.99. Walmart Inc. has a one year low of $48.34 and a one year high of $61.65. The stock has a market capitalization of $482.03 billion, a P/E ratio of 31.26, a P/E/G ratio of 3.90 and a beta of 0.49. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. During the same period in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.2075 dividend. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is currently 43.38%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research analyst reports. Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a report on Wednesday, March 13th. Telsey Advisory Group restated an “outperform” rating and set a $68.00 price target on shares of Walmart in a research note on Wednesday, March 27th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Tigress Financial increased their target price on shares of Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, Evercore ISI reduced their price target on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

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.