HMV Wealth Advisors LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

HMV Wealth Advisors LLC acquired a new position in Walmart Inc. (NYSE:WMTFree Report) during the 4th quarter, HoldingsChannel reports. The fund acquired 3,505 shares of the retailer’s stock, valued at approximately $317,000.

Other hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter valued at approximately $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart in the fourth quarter valued at approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of Walmart stock opened at $85.29 on Friday. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a fifty day moving average of $95.74 and a 200-day moving average of $88.62. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMTGet 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 company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Equities research analysts expect 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 issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 in the last three months. 45.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Oppenheimer boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Robert W. Baird upped their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group upped their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $103.20.

View Our Latest Stock Report on WMT

Walmart Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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