Petros Family Wealth LLC Purchases Shares of 6,163 Walmart Inc. (NYSE:WMT)

Petros Family Wealth LLC bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,163 shares of the retailer's stock, valued at approximately $557,000.

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

Walmart Stock Up 2.3 %

Shares of WMT traded up $2.11 during mid-day trading on Monday, reaching $94.91. The company's stock had a trading volume of 27,735,388 shares, compared to its average volume of 17,697,855. The company's 50 day moving average is $92.43 and its 200 day moving average is $89.95. The stock has a market cap of $760.88 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

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Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (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 business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.

Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the 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 sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 over the last 90 days. Company insiders own 45.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WMT. Guggenheim reiterated a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Oppenheimer cut their target price on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, April 7th. Robert W. Baird raised their price target on shares of Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Citigroup reiterated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Finally, Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and a consensus target price of $103.58.

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.