Triad Wealth Partners LLC Makes New $871,000 Investment in Walmart Inc. (NYSE:WMT)

Triad Wealth Partners LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,639 shares of the retailer’s stock, valued at approximately $871,000.

Several other large investors have also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart during the 4th quarter valued at about $25,000. Peterson Financial Group Inc. bought a new stake in shares of Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the 4th quarter valued at approximately $32,000. Finally, Hara Capital LLC purchased a new stake in Walmart during the 3rd quarter valued at $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of a number of research analyst reports. Truist Financial upped their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Sanford C. Bernstein upped their target price on shares of Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Oppenheimer lifted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. TD Cowen increased their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $103.07.

Walmart Price Performance

Shares of NYSE:WMT opened at $94.74 on Wednesday. The firm has a market cap of $761.04 billion, a price-to-earnings ratio of 39.31, a P/E/G ratio of 4.42 and a beta of 0.55. The firm has a fifty day moving average price of $96.08 and a 200 day moving average price of $88.03. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm 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 expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of Walmart stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by corporate insiders.

About Walmart

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.