Journey Beyond Wealth LLC Makes New $341,000 Investment in Walmart Inc. (NYSE:WMT)

Journey Beyond Wealth LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,779 shares of the retailer’s stock, valued at approximately $341,000. Walmart makes up 0.3% of Journey Beyond Wealth LLC’s investment portfolio, making the stock its 23rd largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the fourth quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter worth about $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart in the third quarter valued at about $43,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock valued at $18,001,116 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 3.2 %

Shares of NYSE:WMT opened at $84.69 on Wednesday. The stock has a market cap of $678.95 billion, a PE ratio of 35.14, a P/E/G ratio of 4.42 and a beta of 0.53. 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 Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The business has a 50 day moving average of $95.00 and a 200-day moving average of $89.25.

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

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.11%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on WMT shares. Tigress Financial increased their price objective on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Robert W. Baird increased 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. Finally, Wells Fargo & Company raised their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $103.17.

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.