GC Wealth Management RIA LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

GC Wealth Management RIA LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,735 shares of the retailer’s stock after buying an additional 2,786 shares during the period. GC Wealth Management RIA LLC’s holdings in Walmart were worth $3,861,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Founders Financial Alliance LLC raised its holdings in Walmart by 52.3% in the 4th quarter. Founders Financial Alliance LLC now owns 25,021 shares of the retailer’s stock valued at $2,261,000 after buying an additional 8,596 shares during the period. Miller Financial Services LLC purchased a new stake in Walmart in the 4th quarter valued at about $231,000. SPX Gestao de Recursos Ltda purchased a new stake in Walmart in the 4th quarter valued at about $9,035,000. Briaud Financial Planning Inc raised its holdings in Walmart by 15.3% in the 4th quarter. Briaud Financial Planning Inc now owns 2,516 shares of the retailer’s stock valued at $227,000 after buying an additional 333 shares during the period. Finally, Sollinda Capital Management LLC raised its holdings in Walmart by 22.7% in the 4th quarter. Sollinda Capital Management LLC now owns 3,265 shares of the retailer’s stock valued at $295,000 after buying an additional 605 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Truist Financial boosted their price target on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada cut their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Roth Mkm reiterated a “buy” rating and set a $108.00 price target (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Sanford C. Bernstein boosted their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Finally, Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $103.07.

Walmart Stock Down 4.5 %

WMT opened at $87.57 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. The firm has a market cap of $703.46 billion, a P/E ratio of 36.34, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The business’s fifty day simple moving average is $96.13 and its 200 day simple moving average is $88.53.

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

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the sale, the executive vice president now directly owns 460,672 shares in the company, valued at approximately $44,293,612.80. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company’s stock.

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.