HHM Wealth Advisors LLC Grows Stake in Walmart Inc. (NYSE:WMT)

HHM Wealth Advisors LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 19.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,615 shares of the retailer’s stock after purchasing an additional 430 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Walmart were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Little House Capital LLC increased its position in shares of Walmart by 2.8% during the fourth quarter. Little House Capital LLC now owns 33,203 shares of the retailer’s stock valued at $5,234,000 after acquiring an additional 892 shares in the last quarter. Legacy Capital Wealth Partners LLC boosted its stake in Walmart by 7.2% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 154,078 shares of the retailer’s stock valued at $24,290,000 after purchasing an additional 10,307 shares during the last quarter. RiverFront Investment Group LLC increased its holdings in shares of Walmart by 129.3% in the 4th quarter. RiverFront Investment Group LLC now owns 146,730 shares of the retailer’s stock worth $23,132,000 after purchasing an additional 82,744 shares in the last quarter. Paradigm Financial Partners LLC raised its stake in shares of Walmart by 1.4% in the fourth quarter. Paradigm Financial Partners LLC now owns 25,462 shares of the retailer’s stock worth $4,014,000 after purchasing an additional 343 shares during the last quarter. Finally, Sargent Investment Group LLC lifted its holdings in shares of Walmart by 19.6% during the fourth quarter. Sargent Investment Group LLC now owns 17,020 shares of the retailer’s stock valued at $2,683,000 after purchasing an additional 2,792 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 0.1 %

NYSE WMT opened at $60.24 on Tuesday. The stock has a 50 day moving average price of $59.98 and a 200-day moving average price of $55.86. Walmart Inc. has a one year low of $48.34 and a one year high of $61.65. The company has a market capitalization of $485.52 billion, a P/E ratio of 31.48, a P/E/G ratio of 3.93 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business had revenue of $173.40 billion during the quarter, compared to analyst estimates of $170.85 billion. During the same quarter last year, the business earned $0.57 earnings per share. Walmart’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.83 annualized dividend and a yield of 1.38%. Walmart’s payout ratio is currently 43.38%.

Insider Buying and Selling at Walmart

In other news, major shareholder Jim C. Walton sold 2,000 shares of Walmart stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the transaction, the insider now owns 656,395,261 shares in the company, valued at approximately $38,582,913,441.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $60.03, for a total value of $1,748,313.72. Following the sale, the chief executive officer now owns 4,018,650 shares of the company’s stock, valued at $241,239,559.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Jim C. Walton sold 2,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the sale, the insider now owns 656,395,261 shares of the company’s stock, valued at approximately $38,582,913,441.58. The disclosure for this sale can be found here. Insiders have sold a total of 29,019,140 shares of company stock worth $1,696,035,551 over the last ninety days. Company insiders own 46.51% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on WMT shares. Morgan Stanley reduced their price objective on Walmart to $66.67 and set an “overweight” rating for the company in a report on Monday, February 26th. Tigress Financial boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Oppenheimer dropped their target price on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a report on Friday, February 16th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.75.

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.