Walmart Inc. (NYSE:WMT) Shares Acquired by Stokes Family Office LLC

Stokes Family Office LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,542 shares of the retailer’s stock after acquiring an additional 791 shares during the period. Stokes Family Office LLC’s holdings in Walmart were worth $4,115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $32,000. Noble Wealth Management PBC acquired a new position in shares of Walmart in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walmart in the 3rd quarter worth approximately $43,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the 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 transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock worth $17,657,316 over the last 90 days. 45.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Citigroup reiterated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday. Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Finally, StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.20.

Walmart Price Performance

NYSE WMT opened at $85.53 on Wednesday. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock has a market cap of $687.13 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 4.42 and a beta of 0.53. The company’s 50 day moving average is $95.56 and its two-hundred day moving average is $88.93. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

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

Walmart Announces Dividend

The business 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 $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.10%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.