Resolute Wealth Strategies LLC Purchases 300 Shares of Walmart Inc. (NYSE:WMT)

Resolute Wealth Strategies LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,721 shares of the retailer’s stock after buying an additional 300 shares during the quarter. Walmart comprises about 0.8% of Resolute Wealth Strategies LLC’s holdings, making the stock its 29th largest position. Resolute Wealth Strategies LLC’s holdings in Walmart were worth $1,601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart in the third quarter valued at $26,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Hara Capital LLC bought a new stake in shares of Walmart during the 3rd quarter valued at $37,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred 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 owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock valued at $17,657,316 in the last 90 days. Insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WMT shares. UBS Group reiterated a “buy” rating on shares of Walmart in a research note on Friday. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $103.07.

Walmart Trading Down 1.1 %

NYSE WMT opened at $97.49 on Tuesday. Walmart Inc. has a 1-year low of $58.40 and a 1-year high of $105.30. 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 stock has a 50-day moving average of $96.04 and a 200-day moving average of $87.88. The firm has a market cap of $783.17 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

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.