Pacific Point Advisors LLC Takes $1.31 Million Position in Walmart Inc. (NYSE:WMT)

Pacific Point Advisors LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,458 shares of the retailer's stock, valued at approximately $1,306,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Whelan Financial boosted its position in Walmart by 2.3% during the fourth quarter. Whelan Financial now owns 4,339 shares of the retailer's stock worth $392,000 after purchasing an additional 97 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Walmart by 1.7% in the fourth 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 raised its stake in Walmart by 3.1% in the fourth 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. raised its stake in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after acquiring an additional 103 shares in the last quarter. Finally, Blackston Financial Advisory Group LLC raised its stake in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after acquiring an additional 106 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on WMT. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Sanford C. Bernstein restated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Piper Sandler upped their target price on Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. Finally, Stifel Nicolaus lowered their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Walmart has a consensus rating of "Moderate Buy" and an average target price of $104.94.

Walmart Trading Down 0.5%

NYSE WMT opened at $95.95 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock's 50 day moving average is $92.12 and its 200 day moving average is $92.82. Walmart Inc. has a twelve month low of $64.16 and a twelve month high of $105.30. The firm has a market capitalization of $767.69 billion, a PE ratio of 39.81, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last released its 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period in the previous year, the company posted $0.60 earnings per share. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued 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 currently 40.17%.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the transaction, the executive vice president now directly owns 460,672 shares of the company's stock, valued at $44,293,612.80. This represents a 2.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value 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. This trade represents a 0.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 148,435 shares of company stock valued at $13,886,290 over the last ninety days. 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.

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