Savvy Advisors Inc. Buys 6,414 Shares of Walmart Inc. (NYSE:WMT)

Savvy Advisors Inc. increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,893 shares of the retailer's stock after purchasing an additional 6,414 shares during the period. Savvy Advisors Inc.'s holdings in Walmart were worth $3,062,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of WMT. World Investment Advisors increased its stake in shares of Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Candriam S.C.A. boosted its holdings in shares of Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the period. Bank of New Hampshire raised its stake in shares of Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock valued at $4,332,000 after purchasing an additional 5,786 shares during the period. Modera Wealth Management LLC boosted its stake in Walmart by 4.8% in the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after purchasing an additional 9,292 shares during the period. Finally, Iowa State Bank grew its holdings in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock valued at $2,422,000 after buying an additional 18,263 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

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Walmart Trading Up 1.2 %

WMT stock traded up $1.10 during midday trading on Tuesday, hitting $95.83. 1,780,248 shares of the company's stock were exchanged, compared to its average volume of 17,639,241. Walmart Inc. has a 1-year low of $58.56 and a 1-year 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 $768.25 billion, a PE ratio of 39.79, a P/E/G ratio of 4.42 and a beta of 0.69. The business has a 50-day simple moving average of $92.27 and a two-hundred day simple moving average of $90.06.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid 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 0.98%. Walmart's dividend payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

WMT has been the subject of several research reports. Royal Bank of Canada cut their target price on Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Guggenheim reissued a "buy" rating and issued a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Jefferies Financial Group upped their target price on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Roth Mkm restated a "buy" rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Truist Financial boosted their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Walmart currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm'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 transaction of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $1,220,100.00. Following the sale, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 over the last 90 days. Corporate insiders own 45.58% of the company's stock.

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.