Morey & Quinn Wealth Partners LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 20,402 shares of the retailer's stock, valued at approximately $1,843,000. Walmart makes up about 1.6% of Morey & Quinn Wealth Partners LLC's portfolio, making the stock its 14th biggest holding.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coyle Financial Counsel LLC increased its stake in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after buying an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. raised its holdings in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after acquiring an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its position in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after purchasing an additional 106 shares during the last quarter. Van Strum & Towne Inc. grew its stake in Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after purchasing an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC increased its position in shares of Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock worth $505,000 after purchasing an additional 109 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on WMT. Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Robert W. Baird raised their price objective on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Oppenheimer boosted their target price on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Two equities research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.
View Our Latest Research Report on WMT
Walmart Price Performance
Shares of Walmart stock traded down $0.73 during midday trading on Friday, hitting $84.90. 8,123,927 shares of the company traded hands, compared to its average volume of 20,130,941. The firm's fifty day moving average price is $94.76 and its 200-day moving average price is $89.20. The stock has a market cap of $680.61 billion, a price-to-earnings ratio of 35.23, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued 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 1.11%. Walmart's payout ratio is 39.00%.
Insider Buying and Selling at Walmart
In other news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on 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 owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the 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 transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is currently owned by insiders.
Walmart Profile
(
Free Report)
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.
Further Reading
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
