Strive Asset Management LLC Takes $866,000 Position in Walmart Inc. (NYSE:WMT)

Strive Asset Management LLC bought a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 9,583 shares of the retailer's stock, valued at approximately $866,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth approximately $25,000. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter worth $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $97.37, for a total transaction of $214,214.00. Following the completion of the sale, the executive vice president now owns 632,718 shares of the company's stock, valued at $61,607,751.66. This trade represents a 0.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 134,035 shares of company stock valued at $12,445,082. 45.58% of the stock is owned by insiders.

Walmart Trading Down 0.3%

NYSE:WMT traded down $0.31 during mid-day trading on Tuesday, hitting $97.81. The company had a trading volume of 15,595,679 shares, compared to its average volume of 17,857,218. The business's fifty day moving average is $91.45 and its two-hundred day moving average is $92.66. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a fifty-two week low of $64.16 and a fifty-two week high of $105.30. The firm has a market cap of $782.57 billion, a P/E ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced 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. The business 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 EPS. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, May 27th. Investors 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 presently 40.17%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective 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. Truist Financial lifted their target price on Walmart from $107.00 to $111.00 and gave the company a "buy" rating in a research note on Friday. Stifel Nicolaus reduced their price target on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. DZ Bank upgraded Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a report on Tuesday, February 25th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $115.00 target price on shares of Walmart in a report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.94.

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.