Tumwater Wealth Management LLC Takes $293,000 Position in Walmart Inc. (NYSE:WMT)

Tumwater Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,240 shares of the retailer's stock, valued at approximately $293,000. Walmart comprises 0.2% of Tumwater Wealth Management LLC's investment portfolio, making the stock its 25th biggest holding.

Other large investors have also modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the fourth quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Stifel Nicolaus raised their price target on Walmart from $89.00 to $94.00 and gave the stock a "hold" rating in a research note on Tuesday, December 10th. Sanford C. Bernstein raised their price target on Walmart from $98.00 to $102.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 20th. Telsey Advisory Group reaffirmed an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Finally, Royal Bank of Canada dropped their target price on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $103.20.

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Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,777 shares of company stock valued at $17,657,316. Company insiders own 45.58% of the company's stock.

Walmart Stock Up 2.9 %

NYSE WMT traded up $2.44 during trading hours on Monday, reaching $87.79. 16,594,528 shares of the company traded hands, compared to its average volume of 15,834,122. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $705.26 billion, a PE ratio of 36.43, a PEG ratio of 4.42 and a beta of 0.53. The company has a 50 day moving average of $95.74 and a two-hundred day moving average of $88.80.

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

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart's payout ratio is 39.00%.

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.