LifeGoal Wealth Advisors Invests $267,000 in Walmart Inc. (NYSE:WMT)

LifeGoal Wealth Advisors purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,955 shares of the retailer’s stock, valued at approximately $267,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter worth $27,000. Peterson Financial Group Inc. purchased a new position in Walmart in the third quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at $32,000. Finally, Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on WMT. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday. Tigress Financial raised their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. TD Cowen increased their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Buy” and a consensus price target of $103.07.

Walmart Stock Performance

NYSE WMT opened at $97.81 on Wednesday. Walmart Inc. has a 52-week low of $58.18 and a 52-week high of $105.30. The company has a fifty day moving average of $95.65 and a 200-day moving average of $87.10. The company has a market capitalization of $785.78 billion, a P/E ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.55. 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 (NYSE:WMT) last released its quarterly 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. 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 predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Insiders Place Their Bets

In other news, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now owns 348,357 shares in the company, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the sale, the executive vice president now owns 375,165 shares of the company’s stock, valued at $34,691,507.55. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 146,528 shares of company stock valued at $13,849,185. 45.58% of the stock is currently owned by corporate insiders.

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.