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

Prestige Wealth Management Group LLC boosted its position in Walmart Inc. (NYSE:WMT) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,545 shares of the retailer’s stock after purchasing an additional 744 shares during the period. Prestige Wealth Management Group LLC’s holdings in Walmart were worth $2,494,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in shares of Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart in the fourth quarter valued at $32,000. Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter valued at $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walmart in the 3rd quarter worth $43,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. KeyCorp upped their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Stock Performance

NYSE WMT opened at $87.56 on Tuesday. The company’s fifty day moving average is $95.12 and its two-hundred day moving average is $89.19. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a market capitalization of $701.92 billion, a price-to-earnings ratio of 36.33, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock valued at $18,001,116 over the last quarter. 45.58% of the stock is owned by company 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.