121,434 Shares in Walmart Inc. (NYSE:WMT) Acquired by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 121,434 shares of the retailer's stock, valued at approximately $10,972,000.

A number of other large investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC increased its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart during the fourth quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Down 0.8 %

Shares of NYSE:WMT traded down $0.76 on Tuesday, hitting $93.97. 21,858,513 shares of the company traded hands, compared to its average volume of 17,742,921. The stock has a 50 day simple moving average of $92.27 and a 200-day simple moving average of $90.06. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $753.38 billion, a PE ratio of 38.99, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

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Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during 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 expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm 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 $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.00%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business'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 transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,852 shares of company stock worth $16,785,080. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on WMT. Oppenheimer lowered their target price on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Raymond James lowered their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday. Royal Bank of Canada reduced their target price on Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.58.

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.