Walmart Inc. (NYSE:WMT) Shares Purchased by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC increased its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 25,001.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,408 shares of the retailer's stock after purchasing an additional 101,004 shares during the quarter. Walmart makes up approximately 2.3% of Scissortail Wealth Management LLC's holdings, making the stock its 10th biggest holding. Scissortail Wealth Management LLC's holdings in Walmart were worth $9,163,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Walmart during the 4th quarter worth $5,737,355,000. Raymond James Financial Inc. acquired a new position in Walmart during the 4th quarter valued at about $2,306,627,000. Jennison Associates LLC boosted its stake in shares of Walmart by 37.1% in the 4th quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after purchasing an additional 6,860,189 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock worth $2,893,079,000 after buying an additional 3,927,173 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Walmart by 8.9% in the fourth quarter. Northern Trust Corp now owns 43,641,936 shares of the retailer's stock valued at $3,943,049,000 after buying an additional 3,550,037 shares during the period. 26.76% of the stock is owned by institutional investors.

Walmart Trading Up 2.0%

Walmart stock opened at $98.26 on Friday. The company has a market cap of $786.18 billion, a price-to-earnings ratio of 40.77, a P/E/G ratio of 4.42 and a beta of 0.70. The firm has a 50-day moving average of $91.19 and a 200-day moving average of $92.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $63.63 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on WMT shares. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Walmart in a research report on Monday, May 12th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Walmart in a report on Monday, May 5th. Guggenheim reaffirmed a "buy" rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. The Goldman Sachs Group reissued a "buy" rating on shares of Walmart in a research note on Wednesday, March 26th. Finally, Citigroup reaffirmed a "buy" rating on shares of Walmart in a research report on Tuesday, May 6th. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $104.94.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now 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. In the last 90 days, insiders sold 133,857 shares of company stock valued at $12,444,743. 45.58% of the stock is owned by insiders.

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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