Walmart Inc. (NYSE:WMT) Shares Acquired by Core Wealth Partners LLC

Core Wealth Partners LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,041 shares of the retailer’s stock after purchasing an additional 2,136 shares during the period. Core Wealth Partners LLC’s holdings in Walmart were worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Coyle Financial Counsel LLC raised its stake in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. boosted its position in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after buying an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC increased its position in shares of Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after acquiring an additional 106 shares during the last quarter. Van Strum & Towne Inc. lifted its stake in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC grew its stake in Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated 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 owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,777 shares of company stock valued at $18,001,116. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 3.2 %

Walmart stock opened at $84.69 on Wednesday. The firm has a 50 day simple moving average of $95.00 and a 200-day simple moving average of $89.25. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The stock has a market capitalization of $678.95 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 posted its quarterly earnings data 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 net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.11%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. KeyCorp upped their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Truist Financial increased their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Guggenheim reiterated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart 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.