Curio Wealth LLC Acquires Shares of 4,609 Walmart Inc. (NYSE:WMT)

Curio Wealth LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,609 shares of the retailer’s stock, valued at approximately $416,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter valued at $27,000. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WMT. Evercore ISI reduced their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird lifted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Royal Bank of Canada reduced their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, KeyCorp raised their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Buy” and a consensus target price of $103.20.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $85.29 on Monday. The company has a market cap of $685.19 billion, a P/E ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The business has a 50 day moving average price of $95.74 and a two-hundred day moving average price of $88.80. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business 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 dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s payout ratio is presently 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.