Enterprise Financial Services Corp Has $2.25 Million Position in Walmart Inc. (NYSE:WMT)

Enterprise Financial Services Corp raised its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,876 shares of the retailer's stock after buying an additional 3,593 shares during the quarter. Walmart comprises about 1.3% of Enterprise Financial Services Corp's investment portfolio, making the stock its 13th biggest position. Enterprise Financial Services Corp's holdings in Walmart were worth $2,248,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC raised its stake in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC grew its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer's stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the period. Fisher Asset Management LLC increased its stake in Walmart by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer's stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 in the last quarter. Corporate insiders own 45.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WMT shares. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Guggenheim reiterated a "buy" rating and set a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. BMO Capital Markets upped their target price on shares of Walmart from $80.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Finally, Barclays reissued an "overweight" rating on shares of Walmart in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart has a consensus rating of "Buy" and an average price target of $103.20.

Walmart Stock Performance

NYSE:WMT traded down $0.39 during midday trading on Tuesday, reaching $87.44. 28,677,732 shares of the company traded hands, compared to its average volume of 15,790,265. The firm has a market capitalization of $702.40 billion, a price-to-earnings ratio of 36.28, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a fifty day moving average price of $96.07 and a 200 day moving average price of $88.61. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) 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 company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. On average, analysts expect 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. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 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.