Momentous Wealth Management Inc. Takes $219,000 Position in Walmart Inc. (NYSE:WMT)

Momentous Wealth Management Inc. bought a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,429 shares of the retailer’s stock, valued at approximately $219,000.

Several other large investors also recently added to or reduced their stakes in the stock. Florida Financial Advisors LLC grew its holdings in shares of Walmart by 26.3% in the fourth quarter. Florida Financial Advisors LLC now owns 14,992 shares of the retailer’s stock valued at $1,355,000 after purchasing an additional 3,125 shares in the last quarter. Keystone Investors PTE Ltd. purchased a new position in Walmart in the fourth quarter valued at approximately $25,619,000. Bay Capital Advisors LLC purchased a new stake in Walmart in the fourth quarter valued at $500,000. Potentia Wealth purchased a new position in Walmart during the 4th quarter worth approximately $410,000. Finally, Mosaic Advisors LLC acquired a new stake in Walmart during the 4th quarter worth $445,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on WMT shares. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Roth Mkm restated a “buy” rating and issued a $108.00 price target (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research report on Tuesday, February 25th. Finally, KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is currently owned by insiders.

Walmart Stock Up 1.8 %

Shares of NYSE:WMT opened at $87.56 on Tuesday. The company’s fifty day moving average is $95.12 and its 200-day moving average is $89.19. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The company has a market capitalization of $701.92 billion, a PE ratio of 36.33, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate 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 net margin of 2.85% and a return on equity of 21.87%. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued 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 1.07%. Walmart’s dividend payout ratio is currently 39.00%.

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.