2,343 Shares in Walmart Inc. (NYSE:WMT) Acquired by Somerset Group LLC

Somerset Group LLC acquired a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,343 shares of the retailer’s stock, valued at approximately $212,000.

Other institutional investors have also recently bought and sold shares of the company. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart during the 3rd quarter valued at $43,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the firm’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 transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,777 shares of company stock worth $18,001,116 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $85.94 on Friday. 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 firm has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a P/E/G ratio of 4.42 and a beta of 0.53. The firm’s 50 day simple moving average is $95.19 and its 200 day simple moving average is $89.04. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30.

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 the consensus estimate of $0.64 by $0.02. The business 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, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal 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 given 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 1.09%. Walmart’s dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. KeyCorp upped their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Robert W. Baird upped their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and an average target price of $103.17.

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.