Minot DeBlois Advisors LLC Acquires New Stake in Walmart Inc. (NYSE:WMT)

Minot DeBlois Advisors LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,846 shares of the retailer's stock, valued at approximately $890,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% during the 4th 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. acquired a new position in shares of Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the 4th quarter worth about $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value 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 $76,350,158.55. This trade represents a 0.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company's stock, valued at $44,049,852.03. This represents a 0.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock valued at $12,444,743 in the last three months. 45.58% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Roth Mkm reaffirmed a "buy" rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Sanford C. Bernstein reissued an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, KeyCorp boosted their target price on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Two research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $103.94.

Walmart Stock Up 0.0%

WMT opened at $96.75 on Tuesday. 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 business has a 50 day simple moving average of $90.68 and a 200-day simple moving average of $92.14. The stock has a market capitalization of $774.09 billion, a P/E ratio of 40.15, a P/E/G ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12 month low of $59.44 and a 12 month high of $105.30.

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

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be issued 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 is currently 39.00%.

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.

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