4WEALTH Advisors Inc. Takes Position in Walmart Inc. (NYSE:WMT)

4WEALTH Advisors Inc. purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,306 shares of the retailer's stock, valued at approximately $1,383,000. Walmart accounts for approximately 1.4% of 4WEALTH Advisors Inc.'s portfolio, making the stock its 17th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pennington Partners & CO. LLC bought a new position in shares of Walmart during the fourth quarter worth $994,000. South Plains Financial Inc. acquired a new position in Walmart in the fourth quarter valued at about $1,038,000. Cypress Advisory Group LLC bought a new stake in shares of Walmart in the fourth quarter worth about $813,000. FAS Wealth Partners Inc. raised its position in shares of Walmart by 1.4% during the fourth quarter. FAS Wealth Partners Inc. now owns 78,430 shares of the retailer's stock worth $7,086,000 after purchasing an additional 1,091 shares during the period. Finally, Peterson Wealth Management lifted its holdings in shares of Walmart by 4.4% during the 4th quarter. Peterson Wealth Management now owns 48,592 shares of the retailer's stock valued at $4,390,000 after purchasing an additional 2,030 shares in the last quarter. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. JPMorgan Chase & Co. boosted their price objective on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. UBS Group cut their price target on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, StockNews.com upgraded Walmart from a "hold" rating to a "buy" rating in a research note on Friday. Two equities research 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. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $103.58.

Walmart Price Performance

Shares of NYSE WMT traded up $1.32 during midday trading on Friday, reaching $98.73. The company's stock had a trading volume of 16,026,369 shares, compared to its average volume of 17,851,074. 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 company has a market cap of $789.93 billion, a P/E ratio of 40.97, a P/E/G ratio of 4.42 and a beta of 0.69. The business's 50 day moving average price is $90.52 and its two-hundred day moving average price is $91.40. Walmart Inc. has a fifty-two week low of $59.39 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is 39.00%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 169,657 shares of company stock worth $15,984,929 over the last three months. Corporate insiders own 45.58% of the company's stock.

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.