Gen Wealth Partners Inc Sells 2,757 Shares of Walmart Inc. (NYSE:WMT)

Gen Wealth Partners Inc lowered its holdings in shares of Walmart Inc. (NYSE:WMT) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,764 shares of the retailer’s stock after selling 2,757 shares during the period. Walmart makes up 1.3% of Gen Wealth Partners Inc’s holdings, making the stock its 9th largest position. Gen Wealth Partners Inc’s holdings in Walmart were worth $3,141,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

WMT opened at $96.78 on Friday. 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 company has a market cap of $774.33 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The stock has a 50-day moving average of $90.66 and a 200-day moving average of $91.91. Walmart Inc. has a 52-week low of $59.44 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a dividend of $0.235 per share. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president now directly owns 632,718 shares in the company, valued at $61,607,751.66. This trade represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock worth $12,444,743 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on WMT shares. Roth Mkm restated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. UBS Group cut their price objective on Walmart from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, StockNews.com upgraded shares of Walmart from a “hold” rating to a “buy” rating in a report on Friday, May 2nd. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.94.

Walmart Company 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.