Generation Capital Management LLC Buys New Position in Walmart Inc. (NYSE:WMT)

Generation Capital Management LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 23,411 shares of the retailer's stock, valued at approximately $2,115,000. Walmart accounts for about 1.8% of Generation Capital Management LLC's investment portfolio, making the stock its 17th biggest holding.

Other institutional investors also recently modified their holdings of the company. Holcombe Financial Inc. acquired a new position in Walmart during the 4th quarter valued at $1,041,000. Infusive Asset Management Inc. grew its position in Walmart by 38.2% in the 4th quarter. Infusive Asset Management Inc. now owns 130,674 shares of the retailer's stock worth $11,806,000 after purchasing an additional 36,113 shares during the last quarter. Commerce Bank increased its holdings in shares of Walmart by 15.6% during the 4th quarter. Commerce Bank now owns 1,080,173 shares of the retailer's stock worth $97,594,000 after purchasing an additional 145,871 shares during the period. Cadence Bank raised its position in shares of Walmart by 70.9% during the fourth quarter. Cadence Bank now owns 310,761 shares of the retailer's stock valued at $28,077,000 after buying an additional 128,893 shares during the last quarter. Finally, Arista Wealth Management LLC lifted its stake in shares of Walmart by 3.9% in the fourth quarter. Arista Wealth Management LLC now owns 7,387 shares of the retailer's stock valued at $667,000 after buying an additional 277 shares during the period. Institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,760 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This represents a 0.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,782 shares of company stock worth $16,785,305. Company insiders own 45.58% of the company's stock.

Walmart Trading Up 2.2 %

Shares of Walmart stock traded up $1.98 on Friday, hitting $93.17. 21,350,174 shares of the company's stock traded hands, compared to its average volume of 17,834,649. The firm's 50-day moving average price is $91.52 and its two-hundred day moving average price is $90.33. 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 stock has a market capitalization of $746.93 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

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

Walmart Announces Dividend

The company 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 $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is presently 39.00%.

Analyst Ratings Changes

A number of analysts have commented on WMT shares. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Citigroup reaffirmed a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Oppenheimer lowered their price target on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Evercore ISI reduced their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Finally, Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.58.

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.