Entrewealth LLC Buys Shares of 2,911 Walmart Inc. (NYSE:WMT)

Entrewealth LLC bought a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,911 shares of the retailer’s stock, valued at approximately $263,000.

A number of other institutional investors and hedge funds have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the fourth quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the company. Robert W. Baird upped their target price on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays restated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. BMO Capital Markets lifted their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. 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. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. One 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 company presently has a consensus rating of “Buy” and a consensus price target of $103.20.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This represents a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The stock was 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 in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by corporate insiders.

Walmart Trading Up 2.6 %

WMT opened at $87.54 on Tuesday. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. 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 company’s 50-day moving average is $95.67 and its 200 day moving average is $88.88. The firm has a market capitalization of $703.21 billion, a PE ratio of 36.32, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Announces Dividend

The company 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 of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.07%. Walmart’s payout ratio is 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.