Walmart Inc. (NYSE:WMT) Stock Position Raised by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC lifted its stake in Walmart Inc. (NYSE:WMT) by 13.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,091 shares of the retailer’s stock after acquiring an additional 2,264 shares during the period. Walmart accounts for about 1.2% of Nicholson Wealth Management Group LLC’s investment portfolio, making the stock its 17th largest position. Nicholson Wealth Management Group LLC’s holdings in Walmart were worth $1,725,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WMT. Peterson Financial Group Inc. bought a new position in shares of Walmart in the 3rd quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the 4th quarter valued at approximately $27,000. Voisard Asset Management Group Inc. raised its stake in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new position in shares of Walmart in the 3rd quarter valued at approximately $37,000. 26.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WMT has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Roth Mkm raised their target price on Walmart from $81.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Tigress Financial raised their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Guggenheim raised their target price on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.87.

Insider Buying and Selling at Walmart

In other Walmart news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the transaction, the director now owns 7,805 shares in the company, valued at $716,577.05. This trade represents a 230.86 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the completion of the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is currently owned by insiders.

Walmart Price Performance

Shares of WMT stock opened at $97.22 on Friday. The stock’s fifty day simple moving average is $95.62 and its 200 day simple moving average is $86.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.85 and a quick ratio of 0.23. The firm has a market cap of $781.02 billion, a price-to-earnings ratio of 39.90, a P/E/G ratio of 4.40 and a beta of 0.55. Walmart Inc. has a one year low of $57.60 and a one year high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.78% and a net margin of 2.92%. On average, analysts expect that Walmart Inc. will post 2.48 earnings per share for the current fiscal year.

Walmart Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 21st will be given a $0.235 dividend. This is an increase from Walmart’s previous quarterly dividend of $0.21. This represents a $0.94 annualized dividend and a yield of 0.97%. Walmart’s payout ratio is presently 34.06%.

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.