Partners in Financial Planning Invests $552,000 in Walmart Inc. (NYSE:WMT)

Partners in Financial Planning purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,108 shares of the retailer's stock, valued at approximately $552,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the fourth quarter valued at $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at approximately $340,166,630.71. The trade was a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,652 shares of company stock valued at $16,590,028 in the last quarter. Company insiders own 45.58% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Tuesday, February 25th. Jefferies Financial Group upped their price target on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Tigress Financial boosted their target price on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Guggenheim reaffirmed a "buy" rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Finally, Roth Mkm reissued a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and an average target price of $103.17.

Walmart Stock Up 1.0 %

NYSE WMT traded up $0.91 during trading hours on Tuesday, hitting $88.70. 22,070,021 shares of the company traded hands, compared to its average volume of 16,984,102. The stock has a market capitalization of $711.10 billion, a price-to-earnings ratio of 36.81, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The business's 50-day moving average is $94.54 and its 200-day moving average is $89.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last issued its 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. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.06%. Walmart's dividend payout ratio (DPR) is presently 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.