Glass Wealth Management Co LLC boosted its stake in Walmart Inc. (NYSE:WMT – Free Report) 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 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.
Check Out Our Latest Stock Analysis on WMT
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.
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