Free Trial

Dahring Cusmano LLC Purchases New Position in Walmart Inc. (NYSE:WMT)

Walmart logo with Retail/Wholesale background

Dahring Cusmano LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,989 shares of the retailer's stock, valued at approximately $270,000.

Other institutional investors have also recently made changes to their positions in the company. Brophy Wealth Management LLC bought a new stake in Walmart in the third quarter worth about $2,072,000. Bank of New Hampshire lifted its stake in Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Iowa State Bank lifted its stake in Walmart by 213.8% in the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Walmart by 4.6% in the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer's stock worth $3,848,533,000 after purchasing an additional 2,107,197 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in Walmart in the third quarter worth about $541,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research report on Tuesday, December 10th. Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. JPMorgan Chase & Co. raised their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $102.43.

Check Out Our Latest Report on Walmart

Insider Transactions at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company's stock, valued at $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 176,777 shares of company stock worth $16,570,112. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

NYSE WMT opened at $94.70 on Friday. Walmart Inc. has a 12-month low of $57.77 and a 12-month high of $105.30. The firm's fifty day simple moving average is $95.63 and its two-hundred day simple moving average is $86.44. 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 firm has a market capitalization of $760.77 billion, a P/E ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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 paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's payout ratio is currently 34.44%.

About Walmart

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Walmart Right Now?

Before you consider Walmart, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.

While Walmart currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Goldman Sachs' 2025 Market Outlook: Top 3 Stock Picks

Goldman Sachs' 2025 Market Outlook: Top 3 Stock Picks

As Wall Street's 2025 predictions roll in, Goldman Sachs is focusing on manufacturing, energy, and domestic producers as key sectors for growth.

Recent Videos

NVIDIA Earnings: Will it Spark a Rally or Trigger a Sell-Off?
Marjorie Taylor Greene Bought THOUSANDS in Tesla Stock
The EXACT Date of Next Stock Market Crash

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines