6,756 Shares in Walmart Inc. (NYSE:WMT) Acquired by Hickory Point Bank & Trust

Hickory Point Bank & Trust acquired a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,756 shares of the retailer’s stock, valued at approximately $610,000.

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

Walmart Stock Up 1.9 %

NYSE WMT opened at $98.65 on Friday. The company has a 50 day moving average of $95.90 and a 200-day moving average of $87.58. The company has a market cap of $792.52 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 1-year low of $58.20 and a 1-year high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The company 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%. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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 given a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.95%. Walmart’s dividend payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 188,777 shares of company stock worth $17,934,726 over the last 90 days. 45.58% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on WMT shares. Morgan Stanley restated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Robert W. Baird upped their price target on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Piper Sandler increased their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.07.

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.