Greenwood Gearhart Inc. Has $58.89 Million Stake in Walmart Inc. (NYSE:WMT)

Greenwood Gearhart Inc. raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 651,827 shares of the retailer's stock after purchasing an additional 226,530 shares during the period. Walmart accounts for approximately 4.1% of Greenwood Gearhart Inc.'s holdings, making the stock its 5th biggest position. Greenwood Gearhart Inc.'s holdings in Walmart were worth $58,893,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC grew its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Analyst Upgrades and Downgrades

WMT has been the subject of several recent research reports. Roth Mkm reiterated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Royal Bank of Canada decreased their price objective on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. 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. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and an average price target of $103.58.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,782 shares of company stock valued at $16,785,305 in the last three months. Insiders own 45.58% of the company's stock.

Walmart Stock Up 2.2 %

WMT stock traded up $1.98 during mid-day trading on Friday, hitting $93.17. 21,350,174 shares of the company were exchanged, compared to its average volume of 17,819,973. The firm has a fifty day simple moving average of $91.71 and a 200 day simple moving average of $90.18. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company 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. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

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, topping analysts' consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. Walmart's dividend payout ratio (DPR) is currently 39.00%.

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.