Prevail Innovative Wealth Advisors LLC Makes New $308,000 Investment in Walmart Inc. (NYSE:WMT)

Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,407 shares of the retailer's stock, valued at approximately $308,000.

Several other large investors have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC raised its holdings in 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 buying an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Performance

Shares of Walmart stock traded up $1.05 during trading on Wednesday, hitting $89.88. 18,244,902 shares of the stock were exchanged, compared to its average volume of 17,002,404. The stock has a market capitalization of $720.55 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a fifty day moving average price of $94.45 and a 200-day moving average price of $89.51.

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Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $178.83 billion. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

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 issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.05%. Walmart's dividend payout ratio is presently 39.00%.

Insider Transactions at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at $340,166,630.71. This represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on WMT. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Oppenheimer upped their target price on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada dropped their price objective on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Two equities 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $103.17.

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.