Founders Financial Alliance LLC Acquires 8,596 Shares of Walmart Inc. (NYSE:WMT)

Founders Financial Alliance LLC raised its position in Walmart Inc. (NYSE:WMT - Free Report) by 52.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,021 shares of the retailer's stock after purchasing an additional 8,596 shares during the quarter. Founders Financial Alliance LLC's holdings in Walmart were worth $2,261,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Miller Financial Services LLC bought a new position in Walmart in the fourth quarter valued at about $231,000. SPX Gestao de Recursos Ltda acquired a new stake in shares of Walmart in the fourth quarter valued at about $9,035,000. Briaud Financial Planning Inc increased its stake in shares of Walmart by 15.3% in the fourth quarter. Briaud Financial Planning Inc now owns 2,516 shares of the retailer's stock valued at $227,000 after buying an additional 333 shares during the period. Sollinda Capital Management LLC increased its stake in shares of Walmart by 22.7% in the fourth quarter. Sollinda Capital Management LLC now owns 3,265 shares of the retailer's stock valued at $295,000 after buying an additional 605 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of Walmart by 1.3% in the fourth quarter. King Luther Capital Management Corp now owns 1,239,003 shares of the retailer's stock valued at $111,944,000 after buying an additional 15,946 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

Shares of NYSE WMT traded down $0.39 during trading on Tuesday, reaching $87.44. 28,677,732 shares of the stock traded hands, compared to its average volume of 15,795,300. 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 50-day moving average of $96.07 and a 200-day moving average of $88.61. The stock has a market capitalization of $702.40 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

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Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.08%. Walmart's dividend payout ratio is presently 39.00%.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the sale, the executive vice president now directly owns 460,672 shares in the company, valued at approximately $44,293,612.80. The trade was a 2.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $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. Insiders have sold 185,777 shares of company stock valued at $17,657,316 in the last 90 days. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Stifel Nicolaus raised their target price on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $103.20.

Walmart 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.