Arista Wealth Management LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Arista Wealth Management LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,387 shares of the retailer’s stock after acquiring an additional 277 shares during the period. Arista Wealth Management LLC’s holdings in Walmart were worth $667,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC boosted its position in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the fourth quarter valued at about $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WMT. Stifel Nicolaus decreased their price target on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Piper Sandler boosted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Guggenheim restated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Finally, Truist Financial upped their price objective on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Trading Down 2.9 %

WMT opened at $91.20 on Thursday. The business’s 50 day moving average price is $91.90 and its 200 day moving average price is $90.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The stock has a market capitalization of $731.14 billion, a PE ratio of 37.84, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data 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 return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities research analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of Walmart stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total value of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares of the company’s stock, valued at $35,288,807.84. The trade was a 0.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,022 shares of company stock worth $16,618,422 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

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.