4,334 Shares in Walmart Inc. (NYSE:WMT) Purchased by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. 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 4,334 shares of the retailer's stock, valued at approximately $392,000.

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 stake in shares of Walmart in the fourth quarter valued at approximately $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter worth $32,000. Noble Wealth Management PBC bought a new position in shares of Walmart during the 4th quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walmart during the third quarter valued at $43,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Roth Mkm reissued a "buy" rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Two investment 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 company's stock. According to MarketBeat, Walmart presently has a consensus rating of "Moderate Buy" and an average price target of $103.17.

Walmart Price Performance

Shares of WMT traded up $1.49 during trading hours on Monday, hitting $86.64. 9,137,173 shares of the stock were exchanged, compared to its average volume of 16,882,476. The stock's 50-day moving average price is $94.62 and its two-hundred day moving average price is $89.40. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market cap of $694.61 billion, a price-to-earnings ratio of 35.92, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 net margin of 2.85% and a return on equity of 21.87%. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. Walmart's dividend payout ratio is presently 39.00%.

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.