Power Wealth Management LLC Makes New $638,000 Investment in Walmart Inc. (NYSE:WMT)

Power Wealth Management LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, HoldingsChannel reports. The firm acquired 4,047 shares of the retailer’s stock, valued at approximately $638,000.

Several other institutional investors and hedge funds have also modified their holdings of WMT. Patton Albertson Miller Group LLC boosted its position in shares of Walmart by 1.0% in the third quarter. Patton Albertson Miller Group LLC now owns 29,116 shares of the retailer’s stock worth $4,656,000 after acquiring an additional 296 shares during the last quarter. Horst & Graben Wealth Management LLC boosted its holdings in shares of Walmart by 22.2% in the 3rd quarter. Horst & Graben Wealth Management LLC now owns 2,581 shares of the retailer’s stock valued at $413,000 after purchasing an additional 469 shares during the last quarter. Bouchey Financial Group Ltd acquired a new position in shares of Walmart in the 3rd quarter valued at $265,000. Mn Services Vermogensbeheer B.V. grew its stake in shares of Walmart by 2.6% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 302,100 shares of the retailer’s stock valued at $48,315,000 after buying an additional 7,600 shares during the period. Finally, Total Clarity Wealth Management Inc. increased its holdings in shares of Walmart by 17.0% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 2,125 shares of the retailer’s stock worth $340,000 after buying an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Oppenheimer lowered their price target on Walmart to $67.00 and set an “outperform” rating for the company in a research report on Monday, February 26th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Tigress Financial raised their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley decreased their price objective on shares of Walmart to $66.67 and set an “overweight” rating for the company in a research note on Monday, February 26th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $61.75.

Insider Buying and Selling

In other news, major shareholder Alice L. Walton sold 5,970,066 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the completion of the transaction, the insider now owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the completion of the transaction, the insider now directly owns 671,082,588 shares in the company, valued at $39,106,219,344.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Alice L. Walton sold 500,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.39, for a total value of $29,195,000.00. Following the completion of the sale, the insider now owns 653,067,261 shares in the company, valued at $38,132,597,369.79. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,019,140 shares of company stock valued at $1,696,045,631. Insiders own 46.51% of the company’s stock.

Walmart Stock Performance

Shares of WMT traded up $0.11 during mid-day trading on Friday, hitting $59.82. The stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. Walmart Inc. has a fifty-two week low of $48.34 and a fifty-two week high of $61.65. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. The company has a market cap of $482.03 billion, a PE ratio of 31.26, a PEG ratio of 3.91 and a beta of 0.49. The company’s fifty day simple moving average is $60.06 and its two-hundred day simple moving average is $55.99.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company had revenue of $173.40 billion for the quarter, compared to the consensus estimate of $170.85 billion. During the same period last year, the firm posted $0.57 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, equities analysts expect that Walmart Inc. will post 2.36 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be given a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s payout ratio is 43.38%.

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.