Tucker Asset Management LLC Raises Stake in Walmart Inc. (NYSE:WMT)

Tucker Asset Management LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 88.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,272 shares of the retailer’s stock after purchasing an additional 596 shares during the quarter. Tucker Asset Management LLC’s holdings in Walmart were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the 4th quarter worth $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the 4th quarter worth $32,000. Noble Wealth Management PBC bought a new stake in Walmart in the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walmart during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on WMT shares. Royal Bank of Canada dropped their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Piper Sandler increased their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Guggenheim restated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. Two investment 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Stock Down 0.6 %

WMT stock opened at $85.08 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $94.62 and a 200 day moving average of $89.32. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The firm has a market cap of $682.04 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Buying and Selling

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now directly owns 568,626 shares in the company, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total transaction of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 147,528 shares of company stock worth $14,096,140 in the last three months. Insiders own 45.58% of the company’s stock.

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.