Flagship Wealth Advisors LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,792 shares of the retailer’s stock, valued at approximately $343,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its position in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC lifted its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Fisher Asset Management LLC raised its stake in Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares in the last quarter. Franklin Resources Inc. raised its stake in Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after acquiring an additional 1,480,927 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.
Insider Buying and Selling
In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock worth $17,657,316 in the last ninety days. Corporate insiders own 45.58% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on WMT
Walmart Price Performance
Walmart stock opened at $85.29 on Monday. The stock has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock’s 50 day moving average price is $95.74 and its two-hundred day moving average price is $88.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.
Walmart (NYSE:WMT – Get Free Report) last issued 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 company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. On average, equities analysts predict that Walmart Inc. will post 2.55 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 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.
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.
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