Burling Wealth Partners LLC Invests $376,000 in Walmart Inc. (NYSE:WMT)

Burling Wealth Partners LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,164 shares of the retailer's stock, valued at approximately $376,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC increased its stake 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 position in shares of Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart during the fourth quarter valued at $37,000. Institutional investors own 26.76% of the company's stock.

Walmart Price Performance

Shares of Walmart stock traded up $0.18 on Tuesday, reaching $95.40. The company's stock had a trading volume of 3,787,200 shares, compared to its average volume of 17,755,517. The company has a market capitalization of $763.26 billion, a P/E ratio of 39.60, a PEG ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $58.58 and a 52-week high of $105.30. The stock has a 50-day moving average price of $90.40 and a 200-day moving average price of $91.02. 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 - Get Free Report) last issued its quarterly 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $94.19, for a total value of $2,743,189.56. Following the sale, the chief executive officer now directly owns 4,480,347 shares of the company's stock, valued at approximately $422,003,883.93. The trade was a 0.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 169,657 shares of company stock valued at $15,984,929. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WMT. Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. StockNews.com downgraded Walmart from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. UBS Group dropped their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Citigroup reaffirmed a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $103.58.

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.