PKS Advisory Services LLC bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,594 shares of the retailer's stock, valued at approximately $596,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coyle Financial Counsel LLC lifted its stake in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after purchasing an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. lifted its position in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC grew its stake in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after buying an additional 106 shares during the period. Van Strum & Towne Inc. increased its position in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after acquiring an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC raised its stake in shares of Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock valued at $505,000 after acquiring an additional 109 shares during the period. Institutional investors and hedge funds own 26.76% of the company's stock.
Insider Buying and Selling
In related news, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares in the company, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock valued at $14,096,140 over the last three months. 45.58% of the stock is owned by corporate insiders.
Analyst Ratings Changes
WMT has been the subject of a number of research reports. Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Robert W. Baird raised their target price on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. UBS Group restated a "buy" rating on shares of Walmart in a report on Friday, February 28th. Finally, Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $103.17.
Check Out Our Latest Stock Report on WMT
Walmart Stock Performance
Shares of NYSE WMT traded down $0.55 during trading hours on Friday, hitting $85.08. 14,780,407 shares of the company's stock were exchanged, compared to its average volume of 16,910,594. The company's 50-day moving average price is $94.62 and its 200-day moving average price is $89.32. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The stock has a market capitalization of $682.04 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.
Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.
Walmart Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is presently 39.00%.
Walmart Company Profile
(
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.
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