RFG Bristol Wealth Advisors LLC Purchases New Position in Walmart Inc. (NYSE:WMT)

RFG Bristol Wealth Advisors LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,692 shares of the retailer's stock, valued at approximately $424,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new position in Walmart in 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 worth $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on WMT shares. Guggenheim reaffirmed a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. KeyCorp lifted their price objective on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Morgan Stanley reiterated an "overweight" rating and set a $115.00 target price (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. Jefferies Financial Group boosted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Two 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

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Walmart Stock Performance

Walmart stock traded up $1.05 during trading hours on Wednesday, hitting $89.88. 19,058,138 shares of the stock traded hands, compared to its average volume of 16,996,110. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The stock has a market capitalization of $720.55 billion, a price-to-earnings ratio of 37.29, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm's 50 day moving average price is $94.38 and its 200-day moving average price is $89.52.

Walmart (NYSE:WMT - Get Free Report) last issued its 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, equities analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced 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 yield of 1.05%. Walmart's dividend payout ratio is presently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is owned by insiders.

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.