Fourth Dimension Wealth LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Fourth Dimension Wealth LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,179 shares of the retailer's stock, valued at approximately $649,000.

A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock worth $38,194,278,000 after purchasing an additional 2,050,683 shares during the period. Geode Capital Management LLC raised its position in shares of Walmart by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after purchasing an additional 3,017,829 shares during the period. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Fisher Asset Management LLC raised its position in shares of Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Finally, Northern Trust Corp raised its position in shares of Walmart by 8.9% during the 4th quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock worth $3,943,049,000 after purchasing an additional 3,550,037 shares during the period. Institutional investors own 26.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on WMT. Piper Sandler increased their price target on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Telsey Advisory Group reiterated an "outperform" rating on shares of Walmart in a research report on Wednesday. Robert W. Baird increased their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Guggenheim restated a "buy" rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, UBS Group lowered their target price on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $104.94.

Walmart Stock Down 0.5%

Shares of WMT stock opened at $95.95 on Friday. Walmart Inc. has a 1 year low of $64.16 and a 1 year high of $105.30. The stock has a market cap of $767.69 billion, a PE ratio of 39.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. The business's fifty day moving average is $92.12 and its 200-day moving average is $92.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion for the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.60 EPS. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares of the company's stock, valued at $344,972,046.65. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,760 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 148,435 shares of company stock valued at $13,886,290 in the last three months. 45.58% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.