Bolthouse Investments LLC Invests $271,000 in Walmart Inc. (NYSE:WMT)

Bolthouse Investments LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,999 shares of the retailer's stock, valued at approximately $271,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% in the 4th 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 last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 140,533 shares of company stock valued at $13,241,740. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.9 %

NYSE WMT traded down $0.82 during trading hours on Friday, hitting $95.02. 15,311,845 shares of the company traded hands, compared to its average volume of 17,830,103. The stock has a market capitalization of $761.76 billion, a price-to-earnings ratio of 39.43, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30. The business's 50-day moving average is $90.58 and its 200-day moving average is $90.91. 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 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Sell-side analysts anticipate 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. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's dividend payout ratio is presently 39.00%.

Analyst Upgrades and Downgrades

WMT has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. KeyCorp increased their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. UBS Group reduced their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.58.

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.