Heck Capital Advisors LLC Takes Position in Walmart Inc. (NYSE:WMT)

Heck Capital Advisors LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,551 shares of the retailer's stock, valued at approximately $1,405,000.

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

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company'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 directly owns 888,309 shares of the company's stock, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. The trade was a 0.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,583 shares of company stock valued at $16,701,404 in the last three months. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Up 1.2%

Walmart stock traded up $1.18 during midday trading on Tuesday, hitting $97.52. 17,168,296 shares of the company were exchanged, compared to its average volume of 17,858,663. The company's fifty day moving average price is $92.54 and its 200-day moving average price is $93.12. The company has a market cap of $780.25 billion, a PE ratio of 40.46, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. 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 $64.16 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released 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 firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WMT. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Barclays restated an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Mizuho assumed coverage on shares of Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target on the stock. DA Davidson reissued a "buy" rating and set a $117.00 price objective on shares of Walmart in a research note on Friday, May 16th. Finally, Robert W. Baird raised their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.94.

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.