Bernard Wealth Management Corp. Acquires New Position in Walmart Inc. (NYSE:WMT)

Bernard Wealth Management Corp. bought a new position in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, HoldingsChannel.com reports. The fund bought 5,471 shares of the retailer’s stock, valued at approximately $494,000.

A number of other hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC lifted its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter worth $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler lifted their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. KeyCorp lifted their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. lifted their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 2,200 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the sale, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at approximately $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated 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. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT stock opened at $83.65 on Tuesday. The company has a market cap of $670.59 billion, a P/E ratio of 34.71, a PEG ratio of 4.42 and a beta of 0.69. The firm has a fifty day moving average price of $93.74 and a 200 day moving average price of $89.71. 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 Inc. has a 12 month low of $58.56 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.12%. Walmart’s payout ratio is currently 39.00%.

Walmart Company 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.