Great Valley Advisor Group Inc. increased its position in Walmart Inc. (NYSE:WMT - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 221,031 shares of the retailer's stock after acquiring an additional 3,802 shares during the period. Great Valley Advisor Group Inc.'s holdings in Walmart were worth $19,970,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Tallon Kerry Patrick purchased a new stake in Walmart during the 4th quarter valued at approximately $252,000. LaFleur & Godfrey LLC lifted its position in shares of Walmart by 1.4% during the fourth quarter. LaFleur & Godfrey LLC now owns 69,542 shares of the retailer's stock worth $6,283,000 after purchasing an additional 992 shares during the last quarter. Eagle Capital Management LLC lifted its position in shares of Walmart by 9.1% during the fourth quarter. Eagle Capital Management LLC now owns 3,861 shares of the retailer's stock worth $349,000 after purchasing an additional 321 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Walmart by 5.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 13,855 shares of the retailer's stock worth $1,252,000 after purchasing an additional 741 shares in the last quarter. Finally, MinichMacGregor Wealth Management LLC increased its holdings in Walmart by 27.4% during the fourth quarter. MinichMacGregor Wealth Management LLC now owns 7,975 shares of the retailer's stock valued at $724,000 after buying an additional 1,713 shares during the period. Institutional investors own 26.76% of the company's stock.
Analyst Ratings Changes
Several analysts have commented on the stock. Telsey Advisory Group reissued an "outperform" rating on shares of Walmart in a research report on Wednesday, May 21st. Guggenheim reissued a "buy" rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Raymond James decreased their price objective on Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Citigroup reiterated a "buy" rating on shares of Walmart in a report on Tuesday, May 6th. Finally, Piper Sandler increased their price objective on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Two investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $104.94.
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Walmart Price Performance
Walmart stock traded up $1.18 during midday trading on Tuesday, reaching $97.52. The company had a trading volume of 17,168,296 shares, compared to its average volume of 17,858,663. The firm's fifty day simple moving average is $92.54 and its 200-day simple moving average is $93.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The company has a market capitalization 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. Walmart Inc. has a 12-month low of $64.16 and a 12-month high of $105.30.
Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The business 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 business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Dividend Announcement
The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be given a dividend of $0.235 per share. This represents a dividend yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's payout ratio is presently 40.17%.
Insider Activity
In other news, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 177,583 shares of company stock valued at $16,701,404. 45.58% of the stock is currently owned by company insiders.
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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