Trifecta Capital Advisors LLC Buys 970 Shares of Walmart Inc. (NYSE:WMT)

Trifecta Capital Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,569 shares of the retailer’s stock after acquiring an additional 970 shares during the quarter. Trifecta Capital Advisors LLC’s holdings in Walmart were worth $4,840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the fourth quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter worth $32,000. Finally, Voisard Asset Management Group Inc. raised its holdings in shares of 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 purchasing an additional 174 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total value of $2,663,098.56. Following the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. The trade was a 0.76 % 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, Director Robert Edward Jr. Moritz bought 5,446 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This represents a 230.86 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 194,377 shares of company stock worth $18,231,904 over the last quarter. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on WMT shares. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Sanford C. Bernstein increased their target price on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.43.

Walmart Stock Down 1.2 %

Shares of NYSE WMT opened at $93.64 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 52 week low of $58.18 and a 52 week high of $105.30. The firm’s fifty day moving average is $95.60 and its 200 day moving average is $86.89. The company 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 issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $178.83 billion. On average, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.00%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

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.