Lindbrook Capital LLC Has $2.92 Million Position in Walmart Inc. (NYSE:WMT)

Lindbrook Capital LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,338 shares of the retailer’s stock after acquiring an additional 357 shares during the period. Lindbrook Capital LLC’s holdings in Walmart were worth $2,922,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on WMT shares. Wells Fargo & Company upped their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. KeyCorp increased their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Royal Bank of Canada reduced their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, TD Cowen increased their price target 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. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Walmart currently has an average rating of “Buy” and a consensus price target of $103.07.

Walmart Trading Up 1.1 %

Shares of Walmart stock opened at $96.00 on Thursday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The company has a market cap of $771.16 billion, a price-to-earnings ratio of 39.83, a PEG ratio of 4.42 and a beta of 0.53. 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 company’s 50-day moving average price is $96.15 and its 200-day moving average price is $88.09.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 over the last three months. 45.58% of the stock is owned by corporate insiders.

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.