Grant Private Wealth Management Inc Invests $484,000 in Walmart Inc. (NYSE:WMT)

Grant Private Wealth Management Inc 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 SEC. The institutional investor purchased 5,362 shares of the retailer's stock, valued at approximately $484,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $25,000. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

NYSE WMT traded down $2.67 on Thursday, reaching $87.10. The company's stock had a trading volume of 32,983,467 shares, compared to its average volume of 17,069,447. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $698.23 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The business has a 50-day moving average price of $94.25 and a 200 day moving average price of $89.50.

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

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given 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 yield of 1.08%. Walmart's dividend payout ratio (DPR) is 39.00%.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent research reports. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Roth Mkm restated a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

Walmart Company 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.