CreativeOne Wealth LLC Purchases 14,817 Shares of Walmart Inc. (NYSE:WMT)

CreativeOne Wealth LLC boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 20.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,375 shares of the retailer's stock after acquiring an additional 14,817 shares during the quarter. CreativeOne Wealth LLC's holdings in Walmart were worth $7,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WMT. Principal Financial Group Inc. raised its position in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after acquiring an additional 809,352 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Walmart in the 3rd quarter valued at about $541,000. SOA Wealth Advisors LLC. lifted its stake in Walmart by 4.2% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer's stock valued at $731,000 after purchasing an additional 364 shares during the last quarter. Aldebaran Financial Inc. grew its holdings in Walmart by 10.9% during the third quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer's stock worth $1,797,000 after purchasing an additional 2,191 shares during the period. Finally, Tudor Financial Inc. acquired a new position in Walmart during the third quarter worth approximately $504,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WMT. Citigroup reaffirmed a "positive" rating on shares of Walmart in a report on Thursday, February 20th. Stifel Nicolaus reduced their target price on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada lowered their price target on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Mizuho assumed coverage on Walmart in a report on Friday. They set an "outperform" rating and a $105.00 price objective for the company. Finally, UBS Group decreased their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

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Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company's stock, valued at $35,288,807.84. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares in the company, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,852 shares of company stock valued at $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

Walmart Price Performance

NYSE WMT traded down $0.76 during trading on Tuesday, hitting $93.97. 21,858,513 shares of the company's stock were exchanged, compared to its average volume of 17,742,921. The stock's 50 day moving average price is $92.27 and its two-hundred day moving average price is $90.06. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a market cap of $753.38 billion, a PE ratio of 38.99, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 for the quarter, compared to analyst estimates of $178.83 billion. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.00%. 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.