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:WMT) 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:WMT) 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.

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.