Wealth Management Nebraska Takes $969,000 Position in Walmart Inc. (NYSE:WMT)

Wealth Management Nebraska bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,725 shares of the retailer's stock, valued at approximately $969,000.

A number of other hedge funds also recently made changes to their positions in the company. SC&H Financial Advisors Inc. boosted its position in shares of Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after acquiring an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC raised its stake in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after purchasing an additional 106 shares in the last quarter. Scarborough Advisors LLC lifted its position in Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock valued at $505,000 after purchasing an additional 109 shares during the last quarter. Dakota Community Bank & Trust NA grew its stake in shares of Walmart by 4.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer's stock worth $260,000 after buying an additional 110 shares in the last quarter. Finally, Rooted Wealth Advisors Inc. increased its holdings in shares of Walmart by 2.6% in the 4th quarter. Rooted Wealth Advisors Inc. now owns 4,344 shares of the retailer's stock worth $394,000 after buying an additional 110 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Guggenheim boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. Citigroup boosted their target price on Walmart from $98.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. UBS Group lowered their price target on Walmart from $113.00 to $112.00 and set a "buy" rating for the company in a research report on Friday. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Finally, Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $102.43.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert Edward Jr. Moritz purchased 5,446 shares of Walmart stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the completion of the transaction, the director now owns 7,805 shares of the company's stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 176,777 shares of company stock valued at $16,570,112 in the last 90 days. Insiders own 45.58% of the company's stock.

Walmart Price Performance

NYSE WMT opened at $94.70 on Friday. The company has a market cap of $760.77 billion, a PE ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52-week low of $57.77 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm's 50 day moving average price is $95.63 and its 200-day moving average price is $86.44.

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

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is currently 34.44%.

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.

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