Maia Wealth LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Maia Wealth LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,421 shares of the retailer’s stock after purchasing an additional 448 shares during the period. Maia Wealth LLC’s holdings in Walmart were worth $723,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WMT. Swedbank AB lifted its holdings in shares of Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after purchasing an additional 18,644 shares during the last quarter. Focus Financial Network Inc. lifted its holdings in shares of Walmart by 2.3% during the third quarter. Focus Financial Network Inc. now owns 35,216 shares of the retailer’s stock valued at $2,844,000 after purchasing an additional 795 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in shares of Walmart by 2.0% during the third quarter. Creative Financial Designs Inc. ADV now owns 6,987 shares of the retailer’s stock valued at $564,000 after purchasing an additional 137 shares during the last quarter. Americana Partners LLC lifted its holdings in shares of Walmart by 29.6% during the third quarter. Americana Partners LLC now owns 18,499 shares of the retailer’s stock valued at $1,494,000 after purchasing an additional 4,221 shares during the last quarter. Finally, Lowe Brockenbrough & Co. Inc. raised its holdings in Walmart by 8.6% in the 3rd quarter. Lowe Brockenbrough & Co. Inc. now owns 165,950 shares of the retailer’s stock worth $13,400,000 after acquiring an additional 13,170 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Piper Sandler boosted 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. Finally, KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Trading Up 1.9 %

NYSE WMT opened at $98.65 on Friday. The company has a fifty day simple moving average of $95.90 and a two-hundred day simple moving average of $87.58. The stock has a market cap of $792.52 billion, a P/E ratio of 40.94, a P/E/G ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $58.20 and a 12-month high of $105.30. 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 (NYSE:WMT) last posted 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 business 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, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared 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 dividend yield of 0.95%. Walmart’s dividend payout ratio is currently 39.00%.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 188,777 shares of company stock valued at $17,934,726. Insiders own 45.58% of the company’s stock.

About Walmart

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.