Wrapmanager Inc. Acquires 209 Shares of Walmart Inc. (NYSE:WMT)

Wrapmanager Inc. lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,467 shares of the retailer’s stock after acquiring an additional 209 shares during the quarter. Wrapmanager Inc.’s holdings in Walmart were worth $1,307,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter worth $25,000. Peterson Financial Group Inc. purchased a new stake in Walmart during the third quarter worth about $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the fourth quarter worth about $27,000. Voisard Asset Management Group Inc. boosted its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after acquiring an additional 174 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter valued at approximately $32,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Trading Down 1.2 %

Shares of WMT opened at $93.64 on Tuesday. 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 Inc. has a fifty-two week low of $58.18 and a fifty-two week high of $105.30. The firm has a 50 day moving average price of $95.60 and a 200-day moving average price of $86.89. The firm has a market cap of $752.21 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 2.85% and a return on equity of 21.87%. As a group, equities research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.00%. Walmart’s payout ratio is currently 39.00%.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at approximately $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 194,377 shares of company stock valued at $18,231,904. 45.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on WMT. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. KeyCorp lifted their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group increased their target price on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Piper Sandler boosted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

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.