Provident Wealth Management LLC lessened its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 7.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,709 shares of the retailer’s stock after selling 228 shares during the quarter. Provident Wealth Management LLC’s holdings in Walmart were worth $245,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the fourth quarter worth about $25,000. Peterson Financial Group Inc. bought a new stake in Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $27,000. Voisard Asset Management Group Inc. lifted its stake in Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Walmart in the fourth quarter valued at approximately $32,000. Institutional investors own 26.76% of the company’s stock.
Walmart Price Performance
WMT stock opened at $97.81 on Wednesday. The company’s 50-day moving average price is $95.65 and its two-hundred day moving average price is $87.10. The firm has a market cap of $785.78 billion, a P/E ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.18 and a 12 month high of $105.30.
Walmart Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.
Wall Street Analyst Weigh In
Several research firms have issued reports on WMT. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Oppenheimer upped their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. TD Cowen lifted their price objective on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, Evercore ISI increased their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. One equities research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $103.07.
Check Out Our Latest Stock Analysis on Walmart
Insiders Place Their Bets
In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction 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 sale, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,528 shares of company stock valued at $13,849,185. 45.58% of the stock is currently owned by corporate insiders.
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.
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