1,017,751 Shares in Walmart Inc. (NYSE:WMT) Purchased by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,017,751 shares of the retailer's stock, valued at approximately $91,954,000. Walmart accounts for 44.4% of Uniting Wealth Partners LLC's investment portfolio, making the stock its largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after buying an additional 809,352 shares during the last quarter. Quantbot Technologies LP acquired a new position in Walmart during the third quarter worth about $270,000. Motley Fool Asset Management LLC acquired a new stake in shares of Walmart in the 3rd quarter valued at approximately $28,828,000. Mission Creek Capital Partners Inc. grew its holdings in shares of Walmart by 1.6% during the 3rd quarter. Mission Creek Capital Partners Inc. now owns 35,280 shares of the retailer's stock valued at $2,849,000 after purchasing an additional 558 shares during the last quarter. Finally, Polymer Capital Management HK LTD acquired a new position in Walmart during the 3rd quarter worth approximately $787,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Down 3.0 %

Shares of WMT traded down $2.67 during trading hours on Thursday, hitting $87.10. The stock had a trading volume of 32,983,467 shares, compared to its average volume of 17,069,447. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The firm has a market capitalization of $698.23 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a 50 day simple moving average of $94.25 and a 200-day simple moving average of $89.50. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

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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 analysts' consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm 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 dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.08%. Walmart's payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company's stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 178,852 shares of company stock valued at $16,785,080. Corporate insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Guggenheim reissued a "buy" rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, Oppenheimer lifted their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Two 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, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

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.