Bolthouse Investments LLC Purchases New Stake in Walmart Inc. (NYSE:WMT)

Bolthouse Investments LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,999 shares of the retailer’s stock, valued at approximately $271,000.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a research note on Wednesday, March 26th. KeyCorp increased their price target on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Robert W. Baird increased their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Citigroup reiterated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Three analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $103.58.

Walmart Trading Down 0.9 %

NYSE WMT opened at $95.02 on Friday. The firm’s 50 day moving average price is $90.58 and its two-hundred day moving average price is $90.76. 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 twelve month low of $58.58 and a twelve month high of $105.30. The stock has a market cap of $761.76 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating 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 business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s payout ratio is 39.00%.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total transaction of $166,883.20. Following the completion of the sale, the executive vice president now directly owns 520,275 shares in the company, valued at $49,332,475.50. The trade was a 0.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $93.50, for a total value of $374,000.00. Following the completion of the sale, the executive vice president now directly owns 1,096,455 shares of the company’s stock, valued at approximately $102,518,542.50. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 140,533 shares of company stock worth $13,241,740 in the last quarter. 45.58% of the stock is currently owned by corporate insiders.

Walmart Company 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.