Walmart Inc. (NYSE:WMT) Shares Sold by Ropes Wealth Advisors LLC

Ropes Wealth Advisors LLC cut its stake in shares of Walmart Inc. (NYSE:WMTGet Rating) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 18,669 shares of the retailer’s stock after selling 236 shares during the period. Ropes Wealth Advisors LLC’s holdings in Walmart were worth $2,701,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Rhumbline Advisers raised its position in Walmart by 1.2% during the fourth quarter. Rhumbline Advisers now owns 2,388,951 shares of the retailer’s stock worth $345,657,000 after acquiring an additional 29,257 shares during the period. Summitry LLC acquired a new position in Walmart during the fourth quarter worth $202,000. Good Life Advisors LLC raised its position in Walmart by 1.4% during the fourth quarter. Good Life Advisors LLC now owns 31,974 shares of the retailer’s stock worth $4,626,000 after acquiring an additional 433 shares during the period. Roundview Capital LLC raised its position in Walmart by 1.9% during the fourth quarter. Roundview Capital LLC now owns 48,757 shares of the retailer’s stock worth $7,055,000 after acquiring an additional 907 shares during the period. Finally, Associated Banc Corp raised its position in Walmart by 0.7% during the fourth quarter. Associated Banc Corp now owns 44,600 shares of the retailer’s stock worth $6,453,000 after acquiring an additional 298 shares during the period. Institutional investors own 30.79% of the company’s stock.

A number of brokerages have recently commented on WMT. Morgan Stanley reduced their target price on shares of Walmart from $170.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, February 22nd. Raymond James reduced their target price on shares of Walmart from $170.00 to $165.00 and set an “outperform” rating for the company in a research report on Tuesday, February 22nd. BNP Paribas upgraded shares of Walmart from an “underperform” rating to a “neutral” rating and set a $136.00 target price for the company in a research report on Friday, February 11th. StockNews.com began coverage on shares of Walmart in a research report on Thursday, March 31st. They issued a “strong-buy” rating for the company. Finally, UBS Group set a $180.00 target price on shares of Walmart in a research report on Tuesday, February 8th. Seven equities research analysts have rated the stock with a hold rating, eighteen 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 stock has an average rating of “Buy” and an average price target of $167.25.

In other news, EVP John R. Furner sold 15,100 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The shares were sold at an average price of $138.07, for a total value of $2,084,857.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Alice L. Walton sold 1,167,433 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were sold at an average price of $136.20, for a total transaction of $159,004,374.60. The disclosure for this sale can be found here. In the last three months, insiders sold 1,426,790 shares of company stock valued at $195,406,267. Insiders own 48.44% of the company’s stock.

WMT stock traded up $0.57 during mid-day trading on Friday, hitting $148.05. 6,646,300 shares of the company were exchanged, compared to its average volume of 6,659,461. The company has a quick ratio of 0.28, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $407.55 billion, a P/E ratio of 30.34, a PEG ratio of 3.97 and a beta of 0.49. The business has a fifty day simple moving average of $150.28 and a 200-day simple moving average of $144.69. Walmart Inc. has a 12-month low of $132.01 and a 12-month high of $160.77.

Walmart (NYSE:WMTGet Rating) last announced its earnings results on Thursday, February 17th. The retailer reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.50 by $0.03. Walmart had a net margin of 2.39% and a return on equity of 20.42%. The company had revenue of $152.90 billion during the quarter, compared to analyst estimates of $150.20 billion. During the same quarter last year, the firm posted $1.39 earnings per share. Walmart’s revenue was up .5% compared to the same quarter last year. Research analysts predict that Walmart Inc. will post 6.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Friday, December 9th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 8th. Walmart’s payout ratio is 45.90%.

About Walmart (Get Rating)

Walmart Inc engages in the operation of retail, wholesale, and other units 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; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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