Strategic Financial Services Inc. Has $583,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Strategic Financial Services Inc. raised its position in Walmart Inc. (NYSE:WMT) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,454 shares of the retailer’s stock after purchasing an additional 370 shares during the period. Strategic Financial Services Inc.’s holdings in Walmart were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at $32,000. Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in Walmart in the 3rd quarter valued at $43,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research reports. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. 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. Evercore ISI decreased their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average price target of $103.20.

Walmart Price Performance

Shares of WMT opened at $86.36 on Thursday. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $693.80 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business has a 50-day moving average of $95.45 and a 200-day moving average of $88.92.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given 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 1.09%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred 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 owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last ninety days. 45.58% of the stock is owned by insiders.

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.