Walmart Inc. (NYSE:WMT) Shares Purchased by Summit X LLC

Summit X LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,427 shares of the retailer’s stock after acquiring an additional 397 shares during the quarter. Summit X LLC’s holdings in Walmart were worth $3,020,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Stock Down 0.4 %

WMT stock opened at $87.44 on Wednesday. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The stock has a market capitalization of $702.40 billion, a PE ratio of 36.28, 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 quick ratio of 0.23 and a current ratio of 0.82. The company has a fifty day moving average of $96.07 and a 200-day moving average of $88.61.

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. 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 analysts’ expectations of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WMT shares. Wells Fargo & Company increased their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Robert W. Baird increased their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Stifel Nicolaus increased their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Tuesday, February 25th. Finally, Oppenheimer increased their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $103.20.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $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 is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares of the company’s stock, valued at $44,293,612.80. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. Company insiders own 45.58% of the company’s stock.

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.