Prime Capital Investment Advisors LLC Increases Holdings in Walmart Inc. (NYSE:WMT)

Prime Capital Investment Advisors LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,069 shares of the retailer’s stock after purchasing an additional 1,895 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Walmart were worth $50,602,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new stake in Walmart in the 4th quarter worth $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. bought a new position in Walmart during the fourth quarter valued at approximately $32,000. Noble Wealth Management PBC bought a new position in Walmart during the fourth quarter valued at approximately $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in Walmart in the 3rd quarter worth approximately $43,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 147,528 shares of company stock valued at $14,096,140 over the last quarter. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.6 %

NYSE:WMT opened at $85.08 on Friday. 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 cap of $682.04 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a 50-day moving average of $94.62 and a 200 day moving average of $89.25. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

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

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analyst Ratings Changes

A number of research analysts have recently commented on WMT shares. Tigress Financial increased their target price on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Roth Mkm restated a “buy” rating and set a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Citigroup reiterated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, Truist Financial upped their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $103.17.

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.