10,027 Shares in Walmart Inc. (NYSE:WMT) Bought by AssuredPartners Investment Advisors LLC

AssuredPartners Investment Advisors LLC bought a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 10,027 shares of the retailer's stock, valued at approximately $906,000.

Other large investors also recently bought and sold shares of the company. Brophy Wealth Management LLC purchased a new stake in shares of Walmart during the third quarter valued at $2,072,000. Candriam S.C.A. raised its stake in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares during the last quarter. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC boosted its position in Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock valued at $18,355,000 after buying an additional 9,292 shares during the last quarter. Finally, Iowa State Bank increased its holdings in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after buying an additional 18,263 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 176,652 shares of company stock worth $16,590,028 over the last 90 days. Corporate insiders own 45.58% of the company's stock.

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Walmart Price Performance

Shares of WMT opened at $87.94 on Tuesday. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. 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 has a 50-day simple moving average of $94.54 and a two-hundred day simple moving average of $89.46. The stock has a market cap of $704.97 billion, a PE ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last announced 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. The company had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued 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 1.07%. Walmart's dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Piper Sandler increased their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Citigroup reiterated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. JPMorgan Chase & Co. boosted their price objective on Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a report on Monday, February 10th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a report on Friday, February 28th. Finally, Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $103.17.

Walmart 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.