Linscomb Wealth Inc. Purchases 1,652 Shares of Walmart Inc. (NYSE:WMT)

Linscomb Wealth Inc. boosted its position in shares of Walmart Inc. (NYSE:WMT) by 9.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,527 shares of the retailer’s stock after buying an additional 1,652 shares during the quarter. Linscomb Wealth Inc.’s holdings in Walmart were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. QRG Capital Management Inc. increased its position in shares of Walmart by 3.0% in the fourth quarter. QRG Capital Management Inc. now owns 1,535,178 shares of the retailer’s stock valued at $138,703,000 after acquiring an additional 44,274 shares during the period. Consilium Wealth Advisory LLC boosted its holdings in shares of Walmart by 2.2% during the fourth quarter. Consilium Wealth Advisory LLC now owns 23,310 shares of the retailer’s stock worth $2,106,000 after purchasing an additional 492 shares during the period. Brueske Advisory Services LLC bought a new stake in shares of Walmart in the fourth quarter worth about $257,000. Heritage Oak Wealth Advisors LLC increased its holdings in Walmart by 121.8% during the 4th quarter. Heritage Oak Wealth Advisors LLC now owns 707,083 shares of the retailer’s stock valued at $63,885,000 after purchasing an additional 388,295 shares during the period. Finally, Proficio Capital Partners LLC raised its position in Walmart by 1,790.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,600,315 shares of the retailer’s stock valued at $144,588,000 after purchasing an additional 1,515,657 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors.

Walmart Price Performance

NYSE WMT opened at $98.65 on Friday. Walmart Inc. has a one year low of $58.20 and a one year high of $105.30. The stock has a 50-day moving average of $95.90 and a 200 day moving average of $87.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $792.52 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.95%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group lifted their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. 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. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Friday. One research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $103.07.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 188,777 shares of company stock worth $17,934,726 in the last ninety days. Insiders own 45.58% of the company’s stock.

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.