5,976 Shares in Walmart Inc. (NYSE:WMT) Bought by Investor s Fiduciary Advisor Network LLC

Investor s Fiduciary Advisor Network LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,976 shares of the retailer's stock, valued at approximately $539,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC grew its position in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $97.37, for a total transaction of $214,214.00. Following the sale, the executive vice president now directly owns 632,718 shares in the company, valued at $61,607,751.66. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was 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 owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,857 shares of company stock worth $12,444,743. Company insiders own 45.58% of the company's stock.

Walmart Price Performance

Shares of WMT traded up $0.81 during mid-day trading on Wednesday, hitting $96.69. 25,486,815 shares of the company traded hands, compared to its average volume of 17,911,993. Walmart Inc. has a one year low of $59.47 and a one year high of $105.30. 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 business has a 50-day moving average of $90.70 and a 200 day moving average of $92.16. The stock has a market capitalization of $773.61 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart's payout ratio is presently 39.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Robert W. Baird lifted their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 price objective on shares of Walmart in a research report on Monday. Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Barclays reiterated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Finally, Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.94.

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.