Orion Portfolio Solutions LLC Has $26.36 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Orion Portfolio Solutions LLC trimmed its position in Walmart Inc. (NYSE:WMT) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,600 shares of the retailer’s stock after selling 7,315 shares during the period. Orion Portfolio Solutions LLC’s holdings in Walmart were worth $26,364,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Valley Brook Capital Group Inc. raised its holdings in Walmart by 4.2% during the 4th quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after buying an additional 315 shares during the period. Motco raised its holdings in Walmart by 1.3% during the 4th quarter. Motco now owns 58,301 shares of the retailer’s stock worth $9,191,000 after buying an additional 726 shares during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock worth $12,351,000 after buying an additional 15,448 shares during the period. Darwin Wealth Management LLC acquired a new stake in Walmart during the 4th quarter worth approximately $2,340,000. Finally, Capital Wealth Planning LLC raised its holdings in Walmart by 32.5% during the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after buying an additional 518,896 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Bank of America raised their price target on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Roth Mkm raised their price target on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Robert W. Baird raised their price target on shares of Walmart from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. JPMorgan Chase & Co. raised their price target on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research note on Monday, February 19th. Finally, Truist Financial raised their target price on shares of Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a research note on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $68.01.

Insider Transactions at Walmart

In other news, major shareholder Alice L. Walton sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.39, for a total transaction of $29,195,000.00. Following the transaction, the insider now directly owns 653,067,261 shares of the company’s stock, valued at $38,132,597,369.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director S Robson Walton sold 3,540,250 shares of the stock in a transaction on Friday, May 17th. The stock was sold at an average price of $64.55, for a total value of $228,523,137.50. Following the completion of the sale, the director now directly owns 648,504,011 shares of the company’s stock, valued at approximately $41,860,933,910.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Alice L. Walton sold 500,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.39, for a total value of $29,195,000.00. Following the completion of the sale, the insider now directly owns 653,067,261 shares of the company’s stock, valued at $38,132,597,369.79. The disclosure for this sale can be found here. Insiders have sold 6,077,748 shares of company stock valued at $378,469,027 over the last ninety days. 46.51% of the stock is owned by company insiders.

Walmart Price Performance

WMT stock traded up $0.54 during midday trading on Friday, reaching $65.38. The company had a trading volume of 11,790,934 shares, compared to its average volume of 18,698,928. The company has a market capitalization of $526.84 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 3.77 and a beta of 0.49. The stock has a 50 day moving average price of $60.64 and a 200-day moving average price of $56.77. Walmart Inc. has a 1-year low of $48.34 and a 1-year high of $65.69. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.80 and a quick ratio of 0.23.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Equities research analysts expect that Walmart Inc. will post 2.42 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, December 13th. Walmart’s payout ratio is 35.52%.

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.