16,500 Shares in Walmart Inc. (NYSE:WMT) Acquired by Enhancing Capital LLC

Enhancing Capital LLC acquired a new position in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,500 shares of the retailer’s stock, valued at approximately $1,491,000. Walmart makes up approximately 1.2% of Enhancing Capital LLC’s holdings, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Coyle Financial Counsel LLC grew its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. boosted its stake in Walmart by 1.0% during the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its stake in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares in the last quarter. Van Strum & Towne Inc. boosted its stake in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC boosted its stake in Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares in the last quarter. 26.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Truist Financial raised their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $103.20.

Walmart Price Performance

Shares of NYSE:WMT opened at $87.54 on Tuesday. 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 1 year low of $58.56 and a 1 year high of $105.30. The business has a fifty day simple moving average of $95.67 and a 200 day simple moving average of $88.88. The firm has a market cap of $703.21 billion, a price-to-earnings ratio of 36.32, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last posted its earnings results 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated 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 directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock worth $17,657,316 over the last three months. Corporate insiders own 45.58% of the company’s stock.

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.