Parr Mcknight Wealth Management Group LLC Invests $3.98 Million in Walmart Inc. (NYSE:WMT)

Parr Mcknight Wealth Management Group LLC purchased a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 44,043 shares of the retailer's stock, valued at approximately $3,979,000.

Several other large investors have also added to or reduced their stakes in WMT. Pacific Point Advisors LLC purchased a new stake in shares of Walmart in the 4th quarter worth about $1,306,000. Vega Investment Solutions bought a new position in Walmart in the fourth quarter worth about $54,000. Strait & Sound Wealth Management LLC raised its stake in Walmart by 1.3% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 18,886 shares of the retailer's stock worth $1,706,000 after buying an additional 235 shares in the last quarter. Investment Management Corp VA ADV purchased a new stake in Walmart in the fourth quarter worth about $55,000. Finally, Helium Advisors LLC bought a new stake in Walmart during the 4th quarter valued at approximately $404,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Roth Mkm reissued a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Robert W. Baird increased their price objective on Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Mizuho initiated coverage on Walmart in a research report on Friday, April 11th. They set an "outperform" rating and a $105.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $104.94.

Walmart Trading Down 0.5%

Shares of NYSE:WMT 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's fifty day moving average price is $92.12 and its 200-day moving average price is $92.82. The company has a market cap of $767.69 billion, a P/E ratio of 39.81, a PEG 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 (NYSE:WMT - Get Free Report) last announced its quarterly 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 net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same quarter last year, the firm posted $0.60 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company 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. The ex-dividend date is Friday, May 9th. This represents a dividend yield of 0.95%. Walmart's payout ratio is 40.17%.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 28,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $97.00, for a total value of $2,716,000.00. Following the transaction, the executive vice president now owns 1,064,455 shares of the company's stock, valued at approximately $103,252,135. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the sale, the executive vice president now owns 460,672 shares of the company's stock, valued at approximately $44,293,612.80. This represents a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 148,435 shares of company stock worth $13,886,290 in the last ninety days. Insiders own 45.58% of the company's stock.

About Walmart

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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