Walmart Inc. (NYSE:WMT) Position Increased by WT Wealth Management

WT Wealth Management increased its position in shares of Walmart Inc. (NYSE:WMT) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,625 shares of the retailer’s stock after acquiring an additional 1,320 shares during the period. Walmart comprises approximately 1.3% of WT Wealth Management’s portfolio, making the stock its 23rd biggest holding. WT Wealth Management’s holdings in Walmart were worth $4,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth $27,000. Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter worth $32,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WMT has been the topic of several analyst reports. Oppenheimer increased their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Barclays raised their price target on Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Bank of America raised their price target on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $103.07.

Insider Buying and Selling

In related news, EVP Christopher James Nicholas sold 17,600 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the sale, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. This trade represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,528 shares of company stock worth $13,849,185 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.6 %

WMT opened at $96.11 on Thursday. The firm’s fifty day moving average is $95.70 and its two-hundred day moving average is $87.17. 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 firm has a market cap of $772.10 billion, a PE ratio of 39.88, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a twelve month low of $58.20 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for 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 anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.98%. Walmart’s payout ratio is 39.00%.

About Walmart

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.