Spahn Wealth & Retirement LLC Takes $370,000 Position in Walmart Inc. (NYSE:WMT)

Spahn Wealth & Retirement LLC bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,098 shares of the retailer's stock, valued at approximately $370,000. Walmart makes up 0.2% of Spahn Wealth & Retirement LLC's investment portfolio, making the stock its 28th largest holding.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC increased its holdings in Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart in the fourth quarter worth approximately $5,737,355,000. Fisher Asset Management LLC boosted its position in shares of Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after buying an additional 1,133,201 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Walmart by 1.2% during the fourth quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock worth $3,796,129,000 after buying an additional 514,036 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,852 shares of company stock worth $16,785,080 over the last three months. Company insiders own 45.58% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have issued reports on WMT shares. Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Stifel Nicolaus cut their price target on shares of Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a report on Thursday, March 20th. Guggenheim reiterated a "buy" rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. UBS Group restated a "buy" rating on shares of Walmart in a research note on Friday, February 28th. Finally, Evercore ISI reduced their target price on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Two 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 data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.17.

Walmart Price Performance

NYSE:WMT traded down $2.67 during midday trading on Thursday, hitting $87.10. The company had a trading volume of 32,983,467 shares, compared to its average volume of 17,069,447. The stock's fifty day moving average price is $94.25 and its 200-day moving average price is $89.50. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $698.23 billion, a PE ratio of 36.14, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

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.