Sound View Wealth Advisors Group LLC Grows Stock Holdings in Walmart Inc. (NYSE:WMT)

Sound View Wealth Advisors Group LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,556 shares of the retailer’s stock after buying an additional 6,369 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Walmart were worth $9,266,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. acquired a new stake in Walmart in the third quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart in the fourth quarter valued at $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $91.68 on Friday. Walmart Inc. has a 52 week low of $58.56 and a 52 week 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. The stock has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a 50-day moving average price of $96.19 and a two-hundred day moving average price of $88.35.

Walmart (NYSE:WMT) last posted 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 firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WMT. Tigress Financial raised their price target on Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Piper Sandler raised their price target on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. BMO Capital Markets raised their price target on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $103.07.

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.