Sitrin Capital Management LLC Has $10.15 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Sitrin Capital Management LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,134 shares of the retailer’s stock after purchasing an additional 948 shares during the quarter. Walmart accounts for about 5.1% of Sitrin Capital Management LLC’s holdings, making the stock its 2nd largest position. Sitrin Capital Management LLC’s holdings in Walmart were worth $10,154,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the fourth quarter valued at about $25,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart in the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at $32,000. Finally, Voisard Asset Management Group Inc. grew its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 4.4 %

NYSE:WMT opened at $97.81 on Wednesday. The company has a 50-day moving average price of $95.65 and a 200-day moving average price of $87.10. The stock has a market cap of $785.78 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.18 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.96%. Walmart’s payout ratio is 39.00%.

Insiders Place Their Bets

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the sale, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,528 shares of company stock worth $13,849,185. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. TD Cowen increased their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Barclays increased their price objective on Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus price target of $103.07.

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.