Horizon Financial Services LLC Purchases 262 Shares of Walmart Inc. (NYSE:WMT)

Horizon Financial Services LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 1,007.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288 shares of the retailer’s stock after buying an additional 262 shares during the quarter. Horizon Financial Services LLC’s holdings in Walmart were worth $26,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter worth about $32,000. Noble Wealth Management PBC bought a new position in shares of Walmart in the 4th quarter worth $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart in the 3rd quarter worth approximately $43,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $85.08 on Friday. The stock has a 50-day simple moving average of $94.62 and a two-hundred day simple moving average of $89.32. The firm has a market capitalization of $682.04 billion, a PE ratio of 35.30, a P/E/G 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 debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 dividend on an annualized basis and a yield of 1.10%. Walmart’s payout ratio is currently 39.00%.

Insider Transactions at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’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 completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock worth $14,096,140 in the last quarter. Company insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Evercore ISI cut their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.17.

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.