3,604 Shares in Walmart Inc. (NYSE:WMT) Acquired by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. bought a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,604 shares of the retailer's stock, valued at approximately $326,000.

A number of other hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $32,000. Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walmart during the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 0.4 %

WMT stock traded up $0.37 during mid-day trading on Wednesday, reaching $85.13. The company had a trading volume of 27,218,904 shares, compared to its average volume of 16,048,797. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a market capitalization of $682.45 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 firm has a fifty day simple moving average of $94.87 and a 200 day simple moving average of $89.22.

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Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is currently 39.00%.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,777 shares of company stock worth $18,001,116 in the last 90 days. Company insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. Robert W. Baird lifted their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 target price (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Two 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.17.

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.