TruNorth Capital Management LLC Has $69,000 Stake in Walmart Inc. (NYSE:WMT)

TruNorth Capital Management LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 34.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 766 shares of the retailer’s stock after buying an additional 196 shares during the quarter. TruNorth Capital Management LLC’s holdings in Walmart were worth $69,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the fourth quarter worth $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the 4th quarter valued at $27,000. Voisard Asset Management Group Inc. increased its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter worth $32,000. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Roth Mkm restated a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday. Robert W. Baird raised their target price 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. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday. UBS Group cut their price objective on Walmart from $113.00 to $112.00 and set a “buy” rating on the stock in a report on Friday. Finally, Jefferies Financial Group boosted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

Walmart Stock Down 1.2 %

Walmart stock opened at $93.64 on Tuesday. The company has a market capitalization of $752.21 billion, a PE ratio of 38.85, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 12-month low of $58.18 and a 12-month high of $105.30. The firm’s fifty day moving average is $95.60 and its 200 day moving average is $86.89. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last announced 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. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid 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 1.00%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the sale, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 194,377 shares of company stock valued at $18,231,904. Company insiders own 45.58% of the company’s stock.

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.