Vista Cima Wealth Management LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,804 shares of the retailer's stock, valued at approximately $253,000.
Several other institutional investors also recently bought and sold shares of the business. Regent Peak Wealth Advisors LLC boosted its stake in shares of Walmart by 1.3% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer's stock valued at $1,565,000 after purchasing an additional 226 shares during the period. Tallon Kerry Patrick purchased a new position in shares of Walmart in the fourth quarter valued at $252,000. Wedge Capital Management L L P NC boosted its stake in shares of Walmart by 2.0% in the fourth quarter. Wedge Capital Management L L P NC now owns 7,501 shares of the retailer's stock valued at $678,000 after purchasing an additional 146 shares during the period. Brooklyn Investment Group boosted its stake in shares of Walmart by 6.0% in the fourth quarter. Brooklyn Investment Group now owns 34,027 shares of the retailer's stock valued at $3,074,000 after purchasing an additional 1,930 shares during the period. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Walmart in the fourth quarter valued at $63,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.
Walmart Price Performance
NYSE WMT opened at $98.26 on Monday. Walmart Inc. has a 12 month low of $63.87 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market capitalization of $786.18 billion, a PE ratio of 40.77, a P/E/G ratio of 4.42 and a beta of 0.70. The company's 50 day simple moving average is $91.19 and its 200 day simple moving average is $92.55.
Walmart (NYSE:WMT - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 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 business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter last year, the business earned $0.60 earnings per share. The business's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal 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 yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart's payout ratio is 39.00%.
Insider Buying and Selling
In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the sale, the executive vice president now directly owns 348,357 shares of the company's stock, valued at approximately $32,891,867.94. The trade was a 4.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,857 shares of company stock worth $12,444,743. Corporate insiders own 45.58% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on WMT. Oppenheimer upped their target price on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Raymond James reduced their price objective on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. increased 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. Guggenheim reiterated a "buy" rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Finally, Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.94.
Get Our Latest Stock Analysis on WMT
Walmart Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMT - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Walmart, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Walmart wasn't on the list.
While Walmart currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
