Spahn Wealth & Retirement LLC Purchases New Holdings in Walmart Inc. (NYSE:WMT)

Spahn Wealth & Retirement LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 4,098 shares of the retailer’s stock, valued at approximately $370,000. Walmart makes up 0.2% of Spahn Wealth & Retirement LLC’s holdings, making the stock its 28th largest position.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after purchasing an additional 809,352 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Walmart in the third quarter valued at about $270,000. Motley Fool Asset Management LLC purchased a new position in shares of Walmart in the third quarter worth about $28,828,000. Mission Creek Capital Partners Inc. boosted its position in Walmart by 1.6% during the third quarter. Mission Creek Capital Partners Inc. now owns 35,280 shares of the retailer’s stock worth $2,849,000 after acquiring an additional 558 shares during the last quarter. Finally, Polymer Capital Management HK LTD purchased a new stake in Walmart during the 3rd quarter valued at about $787,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE:WMT opened at $89.88 on Thursday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a fifty day simple moving average of $94.38 and a two-hundred day simple moving average of $89.52. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company has a market cap of $720.55 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

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

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.05%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analysts Set New Price Targets

WMT has been the topic of a number of research reports. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Robert W. Baird lifted their price target on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Finally, KeyCorp lifted their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.17.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. The trade was a 0.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,652 shares of company stock worth $16,590,028 over the last 90 days. 45.58% of the stock is owned by insiders.

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.