Holcombe Financial Inc. Purchases Shares of 11,527 Walmart Inc. (NYSE:WMT)

Holcombe Financial Inc. bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,527 shares of the retailer's stock, valued at approximately $1,041,000. Walmart accounts for approximately 0.9% of Holcombe Financial Inc.'s holdings, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC raised its position in Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after acquiring an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. lifted its holdings in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after acquiring an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its position in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after purchasing an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. grew its stake in shares of Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after purchasing an additional 108 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WMT has been the subject of a number of research reports. UBS Group reduced their target price on shares of Walmart from $112.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Barclays reissued an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Piper Sandler lifted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus decreased their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Three equities research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $103.58.

Insider Activity

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the transaction, the executive vice president now directly owns 520,275 shares of the company's stock, valued at $49,332,475.50. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,782 shares of company stock worth $16,785,305 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Walmart Trading Up 2.2 %

Shares of WMT traded up $1.98 during trading hours on Friday, reaching $93.17. The stock had a trading volume of 21,350,174 shares, compared to its average volume of 17,834,649. The firm has a 50-day moving average of $91.52 and a 200 day moving average of $90.33. 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 cap of $746.93 billion, a P/E ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly 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 return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

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.