Petros Family Wealth LLC Purchases Shares of 6,163 Walmart Inc. (NYSE:WMT)

Petros Family Wealth LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 6,163 shares of the retailer’s stock, valued at approximately $557,000.

Several other institutional investors have also recently made changes to their positions in WMT. Vanguard Group Inc. boosted its stake in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC boosted its position in Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new stake in Walmart in the fourth quarter valued at approximately $5,737,355,000. Fisher Asset Management LLC increased its position in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock valued at $3,796,129,000 after buying an additional 514,036 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 2.4 %

Shares of NYSE WMT opened at $92.81 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $744.03 billion, a PE ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The stock has a fifty day simple moving average of $92.43 and a 200-day simple moving average of $89.88.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company 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, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WMT shares. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. KeyCorp upped their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Citigroup reiterated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Finally, Oppenheimer cut their price objective on shares of Walmart from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Three 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $103.58.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently 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.