Centricity Wealth Management LLC Purchases Shares of 4,449 Walmart Inc. (NYSE:WMT)

Centricity Wealth Management LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,449 shares of the retailer's stock, valued at approximately $402,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. FMR LLC lifted its holdings in shares of Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock valued at $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Walmart by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,236,769 shares of the retailer's stock worth $2,522,369,000 after buying an additional 350,881 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Barclays lifted their price objective on Walmart from $98.00 to $108.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Royal Bank of Canada lowered their price target on Walmart from $109.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday. Sanford C. Bernstein increased their price objective on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Finally, Truist Financial upped their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $102.43.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 176,777 shares of company stock valued at $16,570,112 over the last three months. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Walmart stock traded down $2.51 during trading on Friday, reaching $94.70. The company had a trading volume of 34,962,340 shares, compared to its average volume of 16,919,441. The firm has a market capitalization of $760.77 billion, a price-to-earnings ratio of 38.86, a price-to-earnings-growth ratio of 4.40 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. The firm's 50-day simple moving average is $95.62 and its 200 day simple moving average is $86.25. Walmart Inc. has a 52 week low of $57.77 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.78% and a net margin of 2.92%. Sell-side analysts forecast that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.99%. Walmart's payout ratio is currently 34.02%.

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.