Walmart Inc. (NYSE:WMT) Shares Bought by RiverFront Investment Group LLC

RiverFront Investment Group LLC grew its stake in Walmart Inc. (NYSE:WMT - Free Report) by 5.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 577,301 shares of the retailer's stock after acquiring an additional 30,405 shares during the quarter. Walmart comprises approximately 1.2% of RiverFront Investment Group LLC's investment portfolio, making the stock its 27th biggest position. RiverFront Investment Group LLC's holdings in Walmart were worth $52,159,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter worth approximately $32,000. Noble Wealth Management PBC acquired a new stake in Walmart during the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walmart in the third quarter valued at $43,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Up 1.1 %

Shares of NYSE:WMT traded up $1.00 during trading on Tuesday, hitting $88.79. 8,892,512 shares of the company were exchanged, compared to its average volume of 20,221,141. The firm's 50 day moving average price is $94.54 and its 200-day moving average price is $89.46. 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. The stock has a market capitalization of $711.84 billion, a P/E ratio of 36.86, a PEG ratio of 4.42 and a beta of 0.53.

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Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The firm 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%. On average, research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently declared 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. This represents a $0.94 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WMT. Tigress Financial increased their price target on Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. KeyCorp lifted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a report on Friday, February 28th. Finally, UBS Group restated a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and a consensus price target of $103.17.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction 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 transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated 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 of the company's stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 176,652 shares of company stock worth $16,590,028. 45.58% of the stock is owned by insiders.

Walmart Company 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.