Journey Beyond Wealth LLC Buys Shares of 3,779 Walmart Inc. (NYSE:WMT)

Journey Beyond Wealth LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 3,779 shares of the retailer's stock, valued at approximately $341,000. Walmart comprises about 0.3% of Journey Beyond Wealth LLC's investment portfolio, making the stock its 23rd largest holding.

Other institutional investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at about $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new position in Walmart during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insiders Place Their Bets

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares of the company's stock, valued at approximately $32,891,867.94. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, January 23rd. The stock was 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 directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,528 shares of company stock worth $14,096,140 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

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Walmart Trading Down 0.6 %

WMT traded down $0.55 during trading on Friday, hitting $85.08. 7,545,926 shares of the company's stock were exchanged, compared to its average volume of 16,885,658. The firm has a market cap of $682.08 billion, a P/E ratio of 35.23, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50 day moving average price of $94.76 and a 200 day moving average price of $89.20. 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 Inc. has a 1 year low of $58.56 and a 1 year 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed 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 is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart's payout ratio is presently 39.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WMT shares. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a report on Friday, February 28th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. Oppenheimer increased their price target 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. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Finally, Morgan Stanley restated an "overweight" rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

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.