Envestnet Portfolio Solutions Inc. Increases Position in Walmart Inc. (NYSE:WMT)

Envestnet Portfolio Solutions Inc. increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 286,529 shares of the retailer's stock after buying an additional 10,914 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Walmart were worth $25,888,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in WMT. Swedbank AB raised its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer's stock valued at $431,632,000 after buying an additional 18,644 shares during the period. Principal Financial Group Inc. raised its position in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock valued at $503,517,000 after buying an additional 809,352 shares during the period. Versor Investments LP purchased a new stake in shares of Walmart during the 3rd quarter valued at approximately $231,000. Curi RMB Capital LLC increased its holdings in Walmart by 43.2% in the 3rd quarter. Curi RMB Capital LLC now owns 24,450 shares of the retailer's stock valued at $1,974,000 after purchasing an additional 7,381 shares during the last quarter. Finally, Coastline Trust Co increased its holdings in Walmart by 50.5% in the 3rd quarter. Coastline Trust Co now owns 35,352 shares of the retailer's stock valued at $2,855,000 after purchasing an additional 11,857 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.

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Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Finally, Roth Mkm restated a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research note 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.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $103.20.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock traded up $0.79 on Friday, reaching $85.29. 35,480,004 shares of the stock were exchanged, compared to its average volume of 15,827,975. Walmart Inc. has a 1-year low of $58.56 and a 1-year 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 business has a fifty day moving average price of $95.74 and a two-hundred day moving average price of $88.80. The firm has a market capitalization of $685.19 billion, a PE ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business 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 dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart's payout ratio is currently 39.00%.

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.