Gerber Kawasaki Wealth & Investment Management Grows Position in Walmart Inc. (NYSE:WMT)

Gerber Kawasaki Wealth & Investment Management lifted its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 182.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,382 shares of the retailer's stock after acquiring an additional 18,341 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Walmart were worth $2,564,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after buying an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart in the fourth quarter worth about $5,737,355,000. Fisher Asset Management LLC lifted its position in shares of Walmart by 2.4% in the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after buying an additional 514,036 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Walmart Stock Up 0.1 %

Walmart stock traded up $0.07 during trading hours on Monday, reaching $95.16. The stock had a trading volume of 12,914,881 shares, compared to its average volume of 17,810,577. The company has a market cap of $762.88 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 4.42 and a beta of 0.69. 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 business's 50 day moving average price is $90.40 and its 200-day moving average price is $91.02. Walmart Inc. has a 52 week low of $58.58 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 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 during the quarter, compared to the consensus estimate of $178.83 billion. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,657 shares of company stock worth $15,984,929 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WMT shares. Oppenheimer decreased their target price on Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Finally, Roth Mkm restated a "buy" rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Three equities research analysts have 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.58.

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.