Centric Wealth Management Boosts Stake in Walmart Inc. (NYSE:WMT)

Centric Wealth Management raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 158.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,378 shares of the retailer's stock after purchasing an additional 13,724 shares during the quarter. Centric Wealth Management's holdings in Walmart were worth $2,022,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the 4th quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday, March 11th. Erste Group Bank downgraded shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Finally, Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $103.17.

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Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company's stock in a transaction that occurred on 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 owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 176,652 shares of company stock worth $16,590,028. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of WMT stock traded up $0.91 during mid-day trading on Tuesday, hitting $88.70. The stock had a trading volume of 22,070,021 shares, compared to its average volume of 16,996,645. The firm has a market cap of $711.10 billion, a PE ratio of 36.81, a PEG ratio of 4.42 and a beta of 0.53. The company's 50-day simple moving average is $94.45 and its 200-day simple moving average is $89.51. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate 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 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 $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

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.