Brucke Financial Inc. Buys Shares of 28,341 Walmart Inc. (NYSE:WMT)

Brucke Financial Inc. acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,341 shares of the retailer's stock, valued at approximately $2,782,000. Walmart accounts for approximately 2.4% of Brucke Financial Inc.'s holdings, making the stock its 12th biggest holding.

A number of other large investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter valued at about $25,000. Horizon Financial Services LLC grew its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter valued at approximately $27,000. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. purchased a new position in Walmart in the 4th quarter worth approximately $41,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Walmart

In other Walmart news, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the sale, the executive vice president now directly owns 460,672 shares in the company, valued at approximately $44,293,612.80. The trade was a 2.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 177,583 shares of company stock valued at $16,701,404. 45.58% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Raymond James dropped their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $102.00 price objective on shares of Walmart in a research note on Friday, May 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their price objective on Walmart from $93.00 to $91.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $104.94.

Walmart Price Performance

Shares of WMT stock traded up $1.18 during trading hours on Tuesday, hitting $97.52. 17,168,296 shares of the company's stock were exchanged, compared to its average volume of 17,858,663. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The firm has a market cap of $780.25 billion, a P/E ratio of 40.46, 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. The firm has a 50 day moving average of $92.54 and a two-hundred day moving average of $93.12.

Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

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.