Bridgewealth Advisory Group LLC Acquires 7,743 Shares of Walmart Inc. (NYSE:WMT)

Bridgewealth Advisory Group LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 83.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 16,999 shares of the retailer's stock after acquiring an additional 7,743 shares during the period. Bridgewealth Advisory Group LLC's holdings in Walmart were worth $1,536,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors grew its position in Walmart by 7.6% during the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer's stock worth $24,532,000 after acquiring an additional 19,233 shares during the last quarter. Candriam S.C.A. grew its position in Walmart by 209.7% during the 4th quarter. Candriam S.C.A. now owns 885,008 shares of the retailer's stock worth $79,960,000 after acquiring an additional 599,257 shares during the last quarter. Bank of New Hampshire grew its position in Walmart by 13.7% during the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer's stock worth $4,332,000 after acquiring an additional 5,786 shares during the last quarter. Modera Wealth Management LLC grew its position in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer's stock worth $18,355,000 after acquiring an additional 9,292 shares during the last quarter. Finally, Iowa State Bank grew its position in Walmart by 213.8% during the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer's stock worth $2,422,000 after acquiring an additional 18,263 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. The Goldman Sachs Group reiterated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Mizuho initiated coverage on Walmart in a report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price objective for the company. Robert W. Baird increased their price objective on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, Evercore ISI dropped their price objective on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $103.58.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 169,657 shares of company stock valued at $15,984,929. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Walmart stock traded up $0.19 during midday trading on Thursday, hitting $97.44. The stock had a trading volume of 13,150,271 shares, compared to its average volume of 17,842,666. The firm's fifty day moving average is $90.50 and its two-hundred day moving average is $91.21. The company has a market capitalization of $779.57 billion, a PE ratio of 40.43, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 52-week low of $58.58 and a 52-week high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data 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. 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. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced 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 dividend yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

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.