Gallagher Capital Advisors LLC Purchases Shares of 21,357 Walmart Inc. (NYSE:WMT)

Gallagher Capital Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,357 shares of the retailer's stock, valued at approximately $1,930,000. Walmart accounts for 1.4% of Gallagher Capital Advisors LLC's holdings, making the stock its 23rd largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brophy Wealth Management LLC acquired a new stake in shares of Walmart during the third quarter worth $2,072,000. Candriam S.C.A. increased its holdings in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire lifted its holdings in shares of Walmart by 13.7% in the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares in the last quarter. Modera Wealth Management LLC boosted its position in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after buying an additional 9,292 shares during the period. Finally, Iowa State Bank grew its holdings in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after buying an additional 18,263 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE:WMT traded down $1.65 during midday trading on Wednesday, hitting $85.79. The stock had a trading volume of 8,235,128 shares, compared to its average volume of 18,787,613. The company's 50-day moving average price is $96.07 and its 200-day moving average price is $88.61. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $689.22 billion, a P/E ratio of 35.59, 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 earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 the consensus estimate of $178.83 billion. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WMT shares. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, December 17th. Oppenheimer boosted their price target 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. TD Cowen raised their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. One investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $103.20.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now directly owns 460,672 shares in the company, valued at approximately $44,293,612.80. This represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by insiders.

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.