South Plains Financial Inc. purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,490 shares of the retailer's stock, valued at approximately $1,038,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after buying an additional 98 shares during the period. Coyle Financial Counsel LLC grew its position in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. grew its position in Walmart by 1.0% during the fourth 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 period. Blackston Financial Advisory Group LLC increased 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 worth $1,417,000 after acquiring an additional 106 shares during the last quarter. Finally, Van Strum & Towne Inc. lifted its stake in shares of Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock valued at $619,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Guggenheim restated a "buy" rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. KeyCorp raised their target price on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Mizuho began coverage on shares of Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 price target for the company. Royal Bank of Canada cut their price objective on Walmart from $107.00 to $102.00 and set an "outperform" rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.58.
Check Out Our Latest Analysis on Walmart
Walmart Stock Performance
WMT traded up $1.32 during trading hours on Friday, hitting $98.73. 16,026,369 shares of the stock were exchanged, compared to its average volume of 17,836,499. 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 12 month low of $59.14 and a 12 month high of $105.30. The stock has a 50-day simple moving average of $90.52 and a 200-day simple moving average of $91.33. The stock has a market cap of $789.93 billion, a price-to-earnings ratio of 40.97, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.
Walmart (NYSE:WMT - Get Free Report) last posted 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.
Walmart Dividend Announcement
The firm 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 dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.
Insider Buying and Selling
In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 169,657 shares of company stock valued at $15,984,929 over the last 90 days. 45.58% of the stock is currently owned by company insiders.
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.
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