Harbour Investment Management LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Harbour Investment Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMTFree Report) during the fourth quarter, Holdings Channel reports. The firm purchased 3,073 shares of the retailer’s stock, valued at approximately $278,000.

A number of other hedge funds also recently bought and sold shares of WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter worth approximately $25,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Transactions at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 completion of 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. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly owns 566,794 shares of the company’s stock, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

Walmart Trading Up 0.9 %

NYSE:WMT opened at $85.29 on Friday. The firm has a market cap of $685.19 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a fifty day moving average price of $95.74 and a 200 day moving average price of $88.62. Walmart Inc. has a 12-month low of $58.56 and a 12-month 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.

Walmart (NYSE:WMTGet Free Report) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during 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%. Sell-side analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 annualized dividend and a dividend yield of 1.10%. Walmart’s dividend payout ratio is currently 39.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. KeyCorp increased their target price on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Bank of America increased their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. BMO Capital Markets increased their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Finally, UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday, February 28th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $103.20.

Get Our Latest Research Report on Walmart

About Walmart

(Free Report)

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.

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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