Moran Wealth Management LLC Acquires 260 Shares of Walmart Inc. (NYSE:WMT)

Moran Wealth Management LLC grew its stake in Walmart Inc. (NYSE:WMT) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 161,415 shares of the retailer’s stock after purchasing an additional 260 shares during the period. Moran Wealth Management LLC’s holdings in Walmart were worth $14,584,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the third quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart in the 4th quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

WMT has been the topic of several research reports. Jefferies Financial Group upped their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. Oppenheimer raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Guggenheim restated a “buy” rating and set a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Finally, DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Stock Performance

Walmart stock opened at $91.68 on Monday. The firm has a market capitalization of $736.46 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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’s 50 day simple moving average is $96.19 and its 200 day simple moving average is $88.44. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 company 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 expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.03%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Activity

In other Walmart news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now directly owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This trade represents a 2.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 in the last quarter. 45.58% of the stock is owned by company 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.