Curio Wealth LLC Buys Shares of 4,609 Walmart Inc. (NYSE:WMT)

Curio Wealth LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,609 shares of the retailer’s stock, valued at approximately $416,000.

A number of other institutional investors also recently made changes to their positions in WMT. Geode Capital Management LLC grew its holdings in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. FMR LLC boosted its position in shares of Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after purchasing an additional 7,200,004 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the last quarter. Franklin Resources Inc. lifted its stake in Walmart by 3.7% during the third quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock valued at $3,392,658,000 after purchasing an additional 1,480,927 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Stock Performance

Shares of NYSE WMT opened at $85.29 on Monday. The business’s 50-day simple moving average is $95.74 and its 200-day simple moving average is $88.80. 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 52 week low of $58.56 and a 52 week high of $105.30. The firm has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating 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 company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, equities research 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 given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares of the company’s stock, valued at $44,293,612.80. This trade represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock worth $17,657,316. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. KeyCorp boosted their price target on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Bank of America raised their price objective on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Truist Financial boosted their target price on shares of Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $103.20.

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.