Walmart Inc. (NYSE:WMT) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its holdings in Walmart Inc. (NYSE:WMT) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,143,827 shares of the retailer’s stock after selling 79,955 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Walmart were worth $103,631,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter worth $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity

In other 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 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 2.7 %

Shares of WMT opened at $85.07 on Thursday. The stock has a 50 day moving average price of $95.96 and a 200 day moving average price of $88.59. 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 capitalization of $683.43 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share 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 $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research reports. Piper Sandler increased their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. UBS Group reissued a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Stifel Nicolaus boosted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada lowered their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $103.20.

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.