12,409 Shares in Walmart Inc. (NYSE:WMT) Bought by Cushing Capital Partners LLC

Cushing Capital Partners LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,409 shares of the retailer's stock, valued at approximately $1,124,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the third quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter valued at about $37,000. Institutional investors own 26.76% of the company's stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 over the last quarter. Corporate insiders own 45.58% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on WMT shares. Tigress Financial boosted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research report on Friday, December 13th. KeyCorp boosted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Sanford C. Bernstein boosted their price target on shares of Walmart from $98.00 to $102.00 and gave the company an "outperform" rating in a research report on Wednesday, November 20th. Citigroup reiterated a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Royal Bank of Canada reduced their target price on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $103.20.

Walmart Trading Down 0.4 %

NYSE:WMT traded down $0.39 during trading hours on Tuesday, hitting $87.44. The stock had a trading volume of 28,677,732 shares, compared to its average volume of 15,795,300. Walmart Inc. has a one year low of $58.56 and a one year 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 company has a market cap of $702.40 billion, a price-to-earnings ratio of 36.28, a P/E/G ratio of 4.42 and a beta of 0.53. The business's 50 day moving average is $96.07 and its 200-day moving average is $88.61.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio is 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.