Capital Advantage Inc. Purchases Shares of 5,987 Walmart Inc. (NYSE:WMT)

Capital Advantage Inc. bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,987 shares of the retailer's stock, valued at approximately $541,000.

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

Insider Buying and Selling

In related news, EVP John D. Rainey sold 2,200 shares of the company's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the sale, the executive vice president now directly owns 632,718 shares in the company, valued at $61,607,751.66. This represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business'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 sale, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,857 shares of company stock worth $12,444,743 over the last ninety days. Company insiders own 45.58% of the company's stock.

Walmart Stock Performance

Shares of NYSE:WMT traded up $0.21 during trading on Wednesday, reaching $98.76. The stock had a trading volume of 11,301,127 shares, compared to its average volume of 17,814,613. The firm has a market capitalization of $790.13 billion, a price-to-earnings ratio of 40.98, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $59.44 and a 52 week high of $105.30. The stock has a fifty day simple moving average of $90.62 and a two-hundred day simple moving average of $91.70.

Walmart (NYSE:WMT - Get Free Report) last announced 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders 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 payout ratio is 39.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Raymond James cut their target price on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. StockNews.com raised Walmart from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price target on shares of Walmart in a report on Thursday, April 10th. Roth Mkm restated a "buy" rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average price target of $103.94.

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.