2,763 Shares in Walmart Inc. (NYSE:WMT) Bought by Keyvantage Wealth LLC

Keyvantage Wealth LLC purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,763 shares of the retailer's stock, valued at approximately $250,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the period. Geode Capital Management LLC grew its stake in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after buying an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC raised its position in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after buying an additional 1,133,201 shares during the period. Finally, Franklin Resources Inc. grew its position in Walmart by 1.2% in the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after acquiring an additional 514,036 shares during the period. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,533 shares of company stock valued at $13,241,740. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

NYSE:WMT traded down $0.82 during mid-day trading on Friday, reaching $95.02. 15,311,845 shares of the stock were exchanged, compared to its average volume of 17,802,960. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1 year low of $58.58 and a 1 year high of $105.30. The company has a 50 day simple moving average of $90.58 and a 200-day simple moving average of $90.76. The stock has a market capitalization of $761.76 billion, a P/E ratio of 39.43, a P/E/G ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly 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. 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. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business 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 is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Erste Group Bank lowered Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Raymond James decreased their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada reduced their price target on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a research note on Thursday, April 10th. KeyCorp increased their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Roth Mkm restated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Three 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 stock. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

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.