Hughes Financial Services LLC Acquires Shares of 3,133 Walmart Inc. (NYSE:WMT)

Hughes Financial Services LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,133 shares of the retailer's stock, valued at approximately $283,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. UBS Group restated a "buy" rating on shares of Walmart in a report on Friday, February 28th. StockNews.com lowered shares of Walmart from a "strong-buy" rating to a "buy" rating in a report on Wednesday, November 20th. Bank of America upped their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Evercore ISI decreased their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a report on Tuesday. Finally, Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $103.20.

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Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the firm's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company's stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last 90 days. Company insiders own 45.58% of the company's stock.

Walmart Stock Down 1.0 %

WMT stock opened at $84.36 on Friday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The stock has a market capitalization of $677.67 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a fifty day moving average of $95.85 and a 200-day moving average of $88.56.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. As a group, analysts expect 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. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.

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.

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