PCG Asset Management LLC Invests $752,000 in Walmart Inc. (NYSE:WMT)

PCG Asset Management LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,318 shares of the retailer’s stock, valued at approximately $752,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at approximately $27,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart in the 4th quarter valued at $37,000. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday. UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Truist Financial increased their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Performance

Shares of WMT opened at $98.65 on Friday. The firm’s fifty day simple moving average is $95.90 and its two-hundred day simple moving average is $87.58. Walmart Inc. has a 12 month low of $58.20 and a 12 month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $792.52 billion, a P/E ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion for 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, analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,777 shares of company stock valued at $17,934,726. Corporate insiders own 45.58% of the company’s stock.

About Walmart

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.