Crux Wealth Advisors Takes Position in Walmart Inc. (NYSE:WMT)

Crux Wealth Advisors purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,289 shares of the retailer's stock, valued at approximately $1,562,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Enterprises LLC bought a new position in Walmart in the 4th quarter worth about $1,336,000. Nicolet Bankshares Inc. lifted its holdings in shares of Walmart by 0.8% in the fourth quarter. Nicolet Bankshares Inc. now owns 21,079 shares of the retailer's stock worth $1,904,000 after buying an additional 174 shares in the last quarter. Manhattan West Asset Management LLC bought a new position in shares of Walmart in the fourth quarter valued at approximately $234,000. Petros Family Wealth LLC purchased a new position in Walmart during the fourth quarter valued at approximately $557,000. Finally, NFP Retirement Inc. increased its holdings in Walmart by 6.8% during the 4th quarter. NFP Retirement Inc. now owns 13,373 shares of the retailer's stock worth $1,208,000 after acquiring an additional 856 shares during the period. Institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value 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 $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,852 shares of company stock worth $16,785,080 over the last three months. Corporate insiders own 45.58% of the company's stock.

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Walmart Stock Up 2.3 %

Walmart stock traded up $2.11 during mid-day trading on Monday, reaching $94.91. 27,735,388 shares of the company were exchanged, compared to its average volume of 17,697,855. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The business has a fifty day moving average of $92.43 and a 200 day moving average of $89.95. The firm has a market cap of $760.88 billion, a P/E ratio of 39.38, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $180.55 billion for 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%. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 paid 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 0.99%. Walmart's dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

Several brokerages have commented on WMT. Truist Financial raised their price target on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, February 11th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Citigroup restated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. UBS Group dropped their price target on Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a research report on Thursday. Finally, DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Three 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 company. According to MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $103.58.

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.