Cushing Capital Partners LLC Invests $1.12 Million in Walmart Inc. (NYSE:WMT)

Cushing Capital Partners LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,409 shares of the retailer's stock, valued at approximately $1,124,000.

A number of other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the 4th 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WMT shares. Robert W. Baird raised their target price on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Truist Financial boosted their price target on Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. KeyCorp boosted their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Guggenheim reiterated a "buy" rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Finally, BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $103.20.

Walmart Stock Up 0.9 %

NYSE WMT traded up $0.79 during trading on Friday, hitting $85.29. The company's stock had a trading volume of 35,480,004 shares, compared to its average volume of 15,993,153. 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 fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a market cap of $685.19 billion, a PE ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. The business's 50 day simple moving average is $95.85 and its 200-day simple moving average is $88.56.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $178.83 billion. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares of the company's stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company's stock.

Walmart Company 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.