Morey & Quinn Wealth Partners LLC Takes $1.84 Million Position in Walmart Inc. (NYSE:WMT)

Morey & Quinn Wealth Partners LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,402 shares of the retailer’s stock, valued at approximately $1,843,000. Walmart makes up 1.6% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 14th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Principal Financial Group Inc. grew its stake in Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after acquiring an additional 809,352 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Walmart in the third quarter valued at approximately $336,000. Davis R M Inc. increased its holdings in shares of Walmart by 12.7% in the third quarter. Davis R M Inc. now owns 12,548 shares of the retailer’s stock valued at $1,013,000 after purchasing an additional 1,413 shares during the last quarter. Acorn Wealth Advisors LLC lifted its position in Walmart by 14.2% during the third quarter. Acorn Wealth Advisors LLC now owns 3,726 shares of the retailer’s stock worth $301,000 after buying an additional 462 shares in the last quarter. Finally, Elios Financial Group Inc. purchased a new position in Walmart during the third quarter worth approximately $214,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock worth $18,001,116 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Down 3.2 %

Walmart stock opened at $84.69 on Wednesday. The stock’s fifty day moving average is $95.00 and its two-hundred day moving average is $89.25. The stock has a market cap of $678.95 billion, a PE ratio of 35.14, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

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

Walmart Announces Dividend

The business 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 $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 1.11%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Royal Bank of Canada dropped their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, February 21st. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Finally, Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two analysts have 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.17.

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.