Wood Tarver Financial Group LLC Acquires Shares of 6,265 Walmart Inc. (NYSE:WMT)

Wood Tarver Financial Group LLC acquired a new stake in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,265 shares of the retailer's stock, valued at approximately $566,000.

Several other hedge funds have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC grew its position in shares of 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 purchasing an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter worth approximately $27,000. Noble Wealth Management PBC acquired a new stake in Walmart during the 4th quarter worth approximately $37,000. Finally, Mizuho Bank Ltd. acquired a new stake in Walmart during the 4th quarter worth approximately $41,000. Institutional investors and hedge funds own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on WMT shares. Mizuho started coverage on shares of Walmart in a research note on Friday, April 11th. They issued an "outperform" rating and a $105.00 price target on the stock. Piper Sandler boosted their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Roth Mkm reaffirmed a "buy" rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Oppenheimer boosted their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $104.94.

Walmart Stock Performance

Shares of WMT traded down $0.35 during trading hours on Wednesday, hitting $97.23. The company had a trading volume of 11,099,384 shares, compared to its average volume of 17,850,144. The business has a fifty day moving average of $92.77 and a 200-day moving average of $93.15. 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 firm has a market cap of $777.93 billion, a price-to-earnings ratio of 40.34, a PEG 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.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The retailer reported $0.61 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 net margin of 2.85% and a return on equity of 21.87%. Walmart's quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were paid a $0.235 dividend. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart's dividend payout ratio (DPR) is presently 40.17%.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 460,672 shares in the company, valued at approximately $44,293,612.80. The trade was a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 177,583 shares of company stock worth $16,701,404 in the last 90 days. 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.