Left Brain Wealth Management LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,320 shares of the retailer's stock, valued at approximately $752,000.
A number of other large investors have also recently made changes to their positions in the business. Northwest Wealth Management LLC lifted its stake in shares of Walmart by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 23,698 shares of the retailer's stock valued at $2,141,000 after buying an additional 777 shares in the last quarter. King Wealth Management Group lifted its stake in shares of Walmart by 5.5% in the fourth quarter. King Wealth Management Group now owns 127,071 shares of the retailer's stock valued at $11,481,000 after buying an additional 6,681 shares in the last quarter. Aviso Financial Inc. lifted its stake in shares of Walmart by 36.4% in the fourth quarter. Aviso Financial Inc. now owns 5,439 shares of the retailer's stock valued at $491,000 after buying an additional 1,452 shares in the last quarter. Atala Financial Inc bought a new position in shares of Walmart during the fourth quarter valued at about $2,416,000. Finally, Integras Partners LLC bought a new position in shares of Walmart during the fourth quarter valued at about $3,012,000. 26.76% of the stock is owned by institutional investors.
Insider Activity at Walmart
In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. Corporate insiders own 45.58% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on WMT shares. Evercore ISI dropped their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wells Fargo & Company raised their price target on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Citigroup reissued a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada dropped their price target on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $103.20.
Check Out Our Latest Stock Analysis on Walmart
Walmart Price Performance
Shares of NYSE:WMT opened at $84.36 on Friday. The company has a 50 day moving average of $95.85 and a 200 day moving average of $88.56. The stock has a market cap of $677.67 billion, a P/E ratio of 35.00, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. 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 issued 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. The company had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Announces Dividend
The company 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 dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.11%. Walmart's dividend payout ratio is currently 39.00%.
Walmart Company Profile
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Free Report)
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.
Further Reading
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