Maripau Wealth Management LLC Buys 286 Shares of Walmart Inc. (NYSE:WMT)

Maripau Wealth Management LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,027 shares of the retailer’s stock after purchasing an additional 286 shares during the quarter. Maripau Wealth Management LLC’s holdings in Walmart were worth $1,089,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Jennison Associates LLC grew its position in Walmart by 479.6% in the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after acquiring an additional 15,290,936 shares during the last quarter. FMR LLC grew its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after acquiring an additional 7,200,004 shares during the last quarter. Bank of New York Mellon Corp grew its position in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after acquiring an additional 3,927,173 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Walmart by 4.6% in the 3rd quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after buying an additional 2,107,197 shares during the period. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the sale, the executive vice president now directly owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 188,777 shares of company stock valued at $17,934,726 over the last quarter. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

NYSE WMT opened at $98.65 on Friday. The company has a market cap of $792.52 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The stock’s 50 day simple moving average is $95.90 and its 200-day simple moving average is $87.44. Walmart Inc. has a 1-year low of $58.20 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 released its earnings results 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday. Robert W. Baird upped their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. TD Cowen upped their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. upped their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $103.07.

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.