Glass Wealth Management Co LLC Buys 360 Shares of Walmart Inc. (NYSE:WMT)

Glass Wealth Management Co LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,919 shares of the retailer’s stock after purchasing an additional 360 shares during the quarter. Glass Wealth Management Co LLC’s holdings in Walmart were worth $354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of WMT. Swedbank AB boosted its position in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares during the last quarter. Intact Investment Management Inc. boosted its position in shares of Walmart by 29.6% during the 3rd quarter. Intact Investment Management Inc. now owns 21,160 shares of the retailer’s stock valued at $1,709,000 after acquiring an additional 4,830 shares during the last quarter. Rational Advisors LLC boosted its position in shares of Walmart by 946.1% during the 3rd quarter. Rational Advisors LLC now owns 57,955 shares of the retailer’s stock valued at $4,680,000 after acquiring an additional 52,415 shares during the last quarter. Legacy CG LLC boosted its position in shares of Walmart by 0.5% during the 3rd quarter. Legacy CG LLC now owns 82,100 shares of the retailer’s stock valued at $6,630,000 after acquiring an additional 369 shares during the last quarter. Finally, FSM Wealth Advisors LLC boosted its position in shares of Walmart by 18.3% during the 3rd quarter. FSM Wealth Advisors LLC now owns 4,099 shares of the retailer’s stock valued at $331,000 after acquiring an additional 635 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

WMT opened at $94.74 on Wednesday. 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 Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a market capitalization of $761.04 billion, a PE ratio of 39.31, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The stock’s 50 day moving average price is $96.08 and its 200-day moving average price is $88.03.

Walmart (NYSE:WMT) last released its quarterly 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. On average, equities research analysts predict 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 given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. Walmart’s dividend payout ratio is presently 39.00%.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock worth $17,657,316 over the last ninety days. 45.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Sanford C. Bernstein lifted their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a report on Friday. Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. UBS Group reissued a “buy” rating on shares of Walmart in a report on Friday. Finally, Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $103.07.

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.