Walmart Inc. (NYSE:WMT) Shares Purchased by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. boosted its stake in Walmart Inc. (NYSE:WMT) by 28.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,444 shares of the retailer’s stock after acquiring an additional 9,077 shares during the period. Ausdal Financial Partners Inc.’s holdings in Walmart were worth $3,744,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of WMT. Principal Financial Group Inc. boosted its stake in Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares during the period. Quest Partners LLC purchased a new stake in shares of Walmart in the third quarter valued at about $336,000. Davis R M Inc. boosted its stake in shares of Walmart by 12.7% during the third quarter. Davis R M Inc. now owns 12,548 shares of the retailer’s stock worth $1,013,000 after buying an additional 1,413 shares during the period. Acorn Wealth Advisors LLC grew its holdings in shares of Walmart by 14.2% during the third quarter. Acorn Wealth Advisors LLC now owns 3,726 shares of the retailer’s stock worth $301,000 after buying an additional 462 shares during the last quarter. Finally, Elios Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at about $214,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on WMT. Guggenheim reiterated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Truist Financial increased their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Evercore ISI lowered their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.17.

Walmart Stock Performance

Shares of NYSE WMT opened at $84.69 on Wednesday. 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 cap of $678.95 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a 50-day simple moving average of $95.00 and a 200-day simple moving average of $89.25. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate 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. On average, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s 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 owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. The trade was 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 worth $18,001,116 in the last 90 days. 45.58% of the stock is owned by company insiders.

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.