Tumwater Wealth Management LLC Purchases Shares of 3,240 Walmart Inc. (NYSE:WMT)

Tumwater Wealth Management LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,240 shares of the retailer's stock, valued at approximately $293,000. Walmart comprises 0.2% of Tumwater Wealth Management LLC's holdings, making the stock its 25th biggest holding.

Other hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the fourth quarter valued at about $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart in the fourth quarter worth about $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP John D. Rainey sold 38,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,777 shares of company stock worth $17,657,316. Company insiders own 45.58% of the company's stock.

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Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Piper Sandler boosted 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. Roth Mkm reiterated a "buy" rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Tigress Financial boosted their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Guggenheim reiterated a "buy" rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Finally, Stifel Nicolaus lifted 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. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $103.20.

Walmart Stock Performance

Shares of WMT stock traded up $0.79 during trading hours on Friday, reaching $85.29. 35,480,004 shares of the company's stock were exchanged, compared to its average volume of 15,827,975. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The stock has a market capitalization of $685.19 billion, a P/E ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. The business has a fifty day moving average price of $95.74 and a 200-day moving average price of $88.80. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during 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%. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is presently 39.00%.

About Walmart

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.