Peachtree Investment Partners LLC Invests $303,000 in Walmart Inc. (NYSE:WMT)

Peachtree Investment Partners LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,349 shares of the retailer’s stock, valued at approximately $303,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Walmart by 1.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after buying an additional 98 shares during the last quarter. Coyle Financial Counsel LLC increased its position in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. raised its holdings in Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after buying an additional 103 shares during the period. Blackston Financial Advisory Group LLC lifted its position in shares of Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. grew its holdings in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Evercore ISI dropped their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Guggenheim reissued a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.17.

Walmart Price Performance

Shares of WMT opened at $83.65 on Tuesday. The company has a market capitalization of $670.59 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 4.42 and a beta of 0.69. The business’s 50-day moving average is $93.74 and its 200-day moving average is $89.71. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,852 shares of company stock valued at $16,785,080. Company insiders own 45.58% of the company’s stock.

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.