Anchor Pointe Wealth Management LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,911 shares of the retailer's stock, valued at approximately $535,000.
Several other hedge funds have also bought and sold shares of the stock. Whelan Financial grew its stake in shares of Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after buying an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after buying an additional 98 shares in the last quarter. Coyle Financial Counsel LLC grew its stake in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after buying an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC grew its stake in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company's stock.
Walmart Price Performance
WMT traded down $0.20 during trading on Thursday, hitting $97.04. The company's stock had a trading volume of 14,333,010 shares, compared to its average volume of 17,861,362. 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 Inc. has a twelve month low of $64.16 and a twelve month high of $105.30. The business's fifty day simple moving average is $93.00 and its 200 day simple moving average is $93.17. The firm has a market capitalization of $776.43 billion, a price-to-earnings ratio of 40.27, a P/E/G ratio of 4.42 and a beta of 0.70.
Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 EPS. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart's payout ratio is presently 40.17%.
Insider Buying and Selling
In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business's stock in a transaction that occurred on 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 owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,334 shares of company stock valued at $12,615,864. 45.58% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
WMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, February 10th. Mizuho began coverage on shares of Walmart in a report on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective for the company. Erste Group Bank lowered shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Evercore ISI decreased their price target on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Barclays reaffirmed an "overweight" rating on shares of Walmart in a research note on Friday, February 28th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.
Read Our Latest Stock Report on Walmart
About Walmart
(
Free Report)
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.
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