6,265 Shares in Walmart Inc. (NYSE:WMT) Bought by Wood Tarver Financial Group LLC

Wood Tarver Financial Group LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 6,265 shares of the retailer's stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. FPC Investment Advisory Inc. bought a new stake in Walmart during the fourth quarter worth about $25,000. Horizon Financial Services LLC boosted its stake in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth about $27,000. Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter worth about $37,000. Finally, Mizuho Bank Ltd. bought a new stake in Walmart during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

Walmart Stock Performance

WMT stock traded up $1.18 during midday trading on Tuesday, reaching $97.52. 17,168,296 shares of the company's stock traded hands, compared to its average volume of 17,858,663. Walmart Inc. has a 52-week low of $64.16 and a 52-week high of $105.30. The stock has a market cap of $780.25 billion, a P/E ratio of 40.46, a PEG ratio of 4.42 and a beta of 0.70. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average is $92.77 and its 200 day moving average is $93.15.

Walmart (NYSE:WMT - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $164.53 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm's revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WMT shares. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Raymond James dropped their target price 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $102.00 target price on shares of Walmart in a research note on Friday, May 16th. Evercore ISI dropped their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Finally, Citigroup reiterated a "buy" rating on shares of Walmart in a research note on Tuesday, May 6th. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $104.94.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares of the company's stock, valued at $49,332,475.50. This represents a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company's stock, valued at approximately $76,350,158.55. This trade represents a 0.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 177,583 shares of company stock valued at $16,701,404 over the last three months. Corporate insiders own 45.58% of the company's stock.

Walmart Company 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.