Flagship Wealth Advisors LLC Acquires Shares of 3,792 Walmart Inc. (NYSE:WMT)

Flagship Wealth Advisors LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,792 shares of the retailer’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Coyle Financial Counsel LLC boosted its stake in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. boosted its stake in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC boosted its stake in shares of Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares during the last quarter. Van Strum & Towne Inc. boosted its stake in shares of Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares during the last quarter. Finally, Scarborough Advisors LLC boosted its stake in shares of Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several recent research reports. Tigress Financial raised their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Jefferies Financial Group lifted their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. UBS Group reissued a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $103.20.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 over the last ninety days. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of WMT opened at $85.29 on Monday. 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 company’s fifty day simple moving average is $95.74 and its 200 day simple moving average is $88.80. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

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.