Integrated Wealth Concepts LLC boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 8.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,421 shares of the retailer's stock after buying an additional 17,434 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Walmart were worth $20,005,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer's stock worth $503,517,000 after acquiring an additional 809,352 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Walmart in the third quarter valued at approximately $541,000. SOA Wealth Advisors LLC. lifted its position in Walmart by 4.2% during the third quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer's stock worth $731,000 after buying an additional 364 shares in the last quarter. Aldebaran Financial Inc. boosted its stake in Walmart by 10.9% during the third quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer's stock worth $1,797,000 after buying an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. purchased a new position in shares of Walmart during the 3rd quarter worth $504,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Walmart
In other news, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the transaction, the executive vice president now owns 1,096,455 shares of the company's stock, valued at $102,518,542.50. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 140,533 shares of company stock worth $13,241,740. Insiders own 45.58% of the company's stock.
Walmart Stock Performance
NYSE:WMT opened at $95.01 on Thursday. The firm has a market capitalization of $761.68 billion, a P/E ratio of 39.42, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a twelve month low of $58.58 and a twelve month high of $105.30. The company has a fifty day moving average of $90.91 and a 200-day moving average of $90.54. 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 announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. Walmart's dividend payout ratio is presently 39.00%.
Analysts Set New Price Targets
Several research firms have recently commented on WMT. Oppenheimer reduced their price target on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, April 7th. Roth Mkm restated a "buy" rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. Truist Financial lifted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. DZ Bank upgraded shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $103.58.
Read Our Latest Analysis on WMT
About Walmart
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).
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