Postrock Partners LLC Makes New $2.06 Million Investment in Walmart Inc. (NYSE:WMT)

Postrock Partners LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 22,809 shares of the retailer’s stock, valued at approximately $2,061,000. Walmart comprises about 1.0% of Postrock Partners LLC’s portfolio, making the stock its 20th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of Walmart by 19.2% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 56,940 shares of the retailer’s stock worth $5,145,000 after purchasing an additional 9,166 shares during the last quarter. Left Brain Wealth Management LLC bought a new stake in Walmart during the 4th quarter worth approximately $752,000. Northwest Wealth Management LLC increased its position in Walmart by 3.4% in the 4th quarter. Northwest Wealth Management LLC now owns 23,698 shares of the retailer’s stock valued at $2,141,000 after acquiring an additional 777 shares during the period. King Wealth Management Group raised its stake in shares of Walmart by 5.5% during the fourth quarter. King Wealth Management Group now owns 127,071 shares of the retailer’s stock valued at $11,481,000 after acquiring an additional 6,681 shares during the last quarter. Finally, Aviso Financial Inc. raised its stake in shares of Walmart by 36.4% during the fourth quarter. Aviso Financial Inc. now owns 5,439 shares of the retailer’s stock valued at $491,000 after acquiring an additional 1,452 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the subject of several recent research reports. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. StockNews.com downgraded shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. BMO Capital Markets boosted their price target on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Stifel Nicolaus upped their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, TD Cowen lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $103.20.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the transaction, the executive vice president now directly owns 460,672 shares of the company’s stock, valued at approximately $44,293,612.80. This trade represents a 2.77 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,777 shares of company stock valued at $17,657,316 in the last 90 days. Insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.0 %

NYSE WMT opened at $84.36 on Friday. The business’s fifty day moving average is $95.85 and its 200-day moving average is $88.56. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $677.67 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

Walmart (NYSE:WMT) last released its 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 net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.11%. Walmart’s payout ratio is presently 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.