NewEdge Advisors LLC Grows Stock Position in Walmart Inc. (NYSE:WMT)

NewEdge Advisors LLC boosted its position in Walmart Inc. (NYSE:WMT - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 919,527 shares of the retailer's stock after acquiring an additional 61,964 shares during the quarter. NewEdge Advisors LLC's holdings in Walmart were worth $83,079,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter valued at approximately $25,000. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,782 shares of company stock worth $16,785,305. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 2.2 %

Shares of Walmart stock traded up $1.98 during trading on Friday, reaching $93.17. 21,350,174 shares of the company were exchanged, compared to its average volume of 17,819,973. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The firm has a market capitalization of $746.93 billion, a price-to-earnings ratio of 38.66, a P/E/G ratio of 4.42 and a beta of 0.69. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $91.52 and a 200-day moving average price of $90.26.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The firm 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%. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. Walmart's dividend payout ratio is presently 39.00%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WMT shares. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Telsey Advisory Group restated an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Thursday, April 10th. Truist Financial lifted their price objective on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada cut their price objective on shares of Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.58.

Walmart 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.