Mascagni Wealth Management Inc. Makes New Investment in Walmart Inc. (NYSE:WMT)

Mascagni Wealth Management Inc. purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,017 shares of the retailer's stock, valued at approximately $273,000.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Whelan Financial boosted its holdings in Walmart by 2.3% in the 4th quarter. Whelan Financial now owns 4,339 shares of the retailer's stock valued at $392,000 after purchasing an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Walmart by 1.7% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC boosted its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock valued at $310,000 after purchasing an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. boosted its holdings in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its holdings in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on WMT. Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a research report on Monday, May 5th. UBS Group reduced their price objective on Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Mizuho initiated coverage on Walmart in a research report on Friday, April 11th. They issued an "outperform" rating and a $105.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Activity

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was 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 of the company's stock, valued at approximately $76,350,158.55. This represents a 0.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,148 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $96.58, for a total value of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares of the company's stock, valued at $429,896,799.42. This represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,334 shares of company stock worth $12,615,864. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 1.5%

NYSE:WMT traded up $1.47 on Friday, hitting $98.57. 29,968,085 shares of the stock were exchanged, compared to its average volume of 17,929,072. 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 fifty-two week low of $64.16 and a fifty-two week high of $105.30. The stock has a market cap of $788.65 billion, a PE ratio of 40.90, a PEG ratio of 4.42 and a beta of 0.70. The stock has a fifty day moving average of $93.46 and a 200-day moving average of $93.36.

Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the firm earned $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, 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 announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date of this dividend was Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

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.