Walmart Inc. (NYSE:WMT) is Weik Capital Management’s 6th Largest Position

Weik Capital Management lessened its position in Walmart Inc. (NYSE:WMT) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,740 shares of the retailer’s stock after selling 2,770 shares during the quarter. Walmart accounts for 3.8% of Weik Capital Management’s portfolio, making the stock its 6th largest position. Weik Capital Management’s holdings in Walmart were worth $9,283,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in Walmart in the fourth quarter worth about $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at $32,000. Noble Wealth Management PBC purchased a new stake in Walmart in the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart during the third quarter worth $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Walmart

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,528 shares of company stock worth $14,096,140 over the last quarter. 45.58% of the stock is currently owned by insiders.

Walmart Trading Up 0.5 %

Walmart stock opened at $85.62 on Friday. The stock has a 50-day moving average price of $94.76 and a 200 day moving average price of $89.20. The company has a market capitalization of $686.37 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $178.83 billion. Sell-side analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on WMT shares. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Piper Sandler lifted their price target 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. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Morgan Stanley reissued an “overweight” rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

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.