7,449 Shares in Walmart Inc. (NYSE:WMT) Purchased by Coign Capital Advisors LLC

Coign Capital Advisors LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,449 shares of the retailer's stock, valued at approximately $673,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Glass Jacobson Investment Advisors llc increased its stake in Walmart by 27.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 7,649 shares of the retailer's stock valued at $691,000 after buying an additional 1,650 shares during the period. Heritage Trust Co purchased a new stake in shares of Walmart in the fourth quarter valued at about $14,453,000. Jaffetilchin Investment Partners LLC increased its stake in shares of Walmart by 6.4% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 34,780 shares of the retailer's stock worth $3,142,000 after acquiring an additional 2,093 shares during the period. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Walmart during the fourth quarter worth about $470,000. Finally, Texas Capital Bank Wealth Management Services Inc lifted its position in Walmart by 24.0% in the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 5,139 shares of the retailer's stock valued at $464,000 after purchasing an additional 995 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John D. Rainey sold 2,200 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This trade represents a 0.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

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Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. UBS Group reduced their target price on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Royal Bank of Canada reduced their price objective on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Finally, Morgan Stanley reissued an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.58.

Walmart Trading Up 0.3 %

Walmart stock traded up $0.27 during midday trading on Tuesday, reaching $95.00. The stock had a trading volume of 9,104,237 shares, compared to its average volume of 17,665,704. The stock's 50-day simple moving average is $92.27 and its 200 day simple moving average is $90.06. Walmart Inc. has a twelve month low of $58.56 and a twelve 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 stock has a market capitalization of $761.60 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts expect 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. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

About Walmart

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.