Trajan Wealth LLC Boosts Position in Walmart Inc. (NYSE:WMT)

Trajan Wealth LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 6.4% during the 4th quarter, Holdings Channel reports. The fund owned 212,212 shares of the retailer’s stock after purchasing an additional 12,732 shares during the period. Walmart makes up about 1.1% of Trajan Wealth LLC’s holdings, making the stock its 26th largest holding. Trajan Wealth LLC’s holdings in Walmart were worth $19,173,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC boosted its stake in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Activity 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 value of $2,697,464.88. Following the completion of 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This trade represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,782 shares of company stock worth $16,785,305. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WMT shares. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Thursday, April 10th. JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Finally, Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.58.

Walmart Price Performance

WMT stock opened at $93.17 on Friday. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The business has a fifty day moving average of $91.52 and a two-hundred day moving average of $90.33. The stock has a market cap of $746.93 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm 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%. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given 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 dividend yield of 1.01%. Walmart’s payout ratio is currently 39.00%.

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.