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

Envestnet Portfolio Solutions Inc. raised its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 286,529 shares of the retailer's stock after purchasing an additional 10,914 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Walmart were worth $25,888,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter valued at about $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart during the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. purchased a new position in shares of Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart during the 4th quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group reaffirmed a "buy" rating on shares of Walmart in a research report on Friday, February 28th. JPMorgan Chase & Co. boosted their price target on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Tuesday, February 25th. Finally, Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $103.20.

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Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last 90 days. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 2.9 %

Shares of NYSE:WMT traded up $2.44 during trading hours on Monday, hitting $87.79. The company's stock had a trading volume of 16,594,528 shares, compared to its average volume of 15,834,122. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization of $705.26 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 4.42 and a beta of 0.53. The firm's fifty day moving average price is $95.74 and its 200 day moving average price is $88.80.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly 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. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart's dividend payout ratio (DPR) is presently 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.