Retirement Planning Group LLC NY Invests $475,000 in Walmart Inc. (NYSE:WMT)

Retirement Planning Group LLC NY acquired a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,254 shares of the retailer's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC grew its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the period. Fiduciary Advisors Inc. acquired a new stake in Walmart in the 4th quarter valued at $27,000. Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Stock Up 0.6%

Shares of WMT opened at $96.49 on Friday. The firm has a market cap of $772.00 billion, a P/E ratio of 40.04, a price-to-earnings-growth 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. The company's 50-day moving average price is $92.33 and its 200 day moving average price is $92.90. 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 (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, beating 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 net margin of 2.85% and a return on equity of 21.87%. Walmart's revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.60 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is currently 40.17%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a report on Tuesday, February 25th. Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Truist Financial raised their price objective on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $104.94.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business's stock in a transaction dated 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 $344,972,046.65. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,760 shares of the business's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the sale, the executive vice president now owns 520,275 shares in the company, valued at $49,332,475.50. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 177,583 shares of company stock worth $16,701,404. Company 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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