Walmart Inc. (NYSE:WMT) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its stake in Walmart Inc. (NYSE:WMT) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 560,069 shares of the retailer’s stock after buying an additional 1,895 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Walmart were worth $50,602,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in WMT. Coyle Financial Counsel LLC increased its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the period. SC&H Financial Advisors Inc. boosted its holdings in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after acquiring an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its holdings in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares during the last quarter. Van Strum & Towne Inc. increased its stake in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares during the period. Finally, Scarborough Advisors LLC raised its holdings in shares of Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred 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 owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock worth $14,096,140 in the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $85.08 on Friday. The company has a market cap of $682.04 billion, a P/E ratio of 35.30, a P/E/G 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 company’s 50-day moving average price is $94.62 and its 200-day moving average price is $89.25. The company has a current ratio of 0.82, a quick ratio of 0.23 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, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced 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 dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Truist Financial raised their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Roth Mkm reissued a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Finally, Piper Sandler lifted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $103.17.

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.