Walmart Inc. (NYSE:WMT) Shares Bought by Modera Wealth Management LLC

Modera Wealth Management LLC raised its position in Walmart Inc. (NYSE:WMT) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,150 shares of the retailer’s stock after purchasing an additional 9,292 shares during the quarter. Modera Wealth Management LLC’s holdings in Walmart were worth $18,355,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FPC Investment Advisory Inc. acquired a new stake in Walmart in the 4th quarter valued at $25,000. Peterson Financial Group Inc. purchased a new stake in shares of Walmart in the third quarter worth about $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at about $32,000. Finally, Hara Capital LLC acquired a new position in Walmart during the 3rd quarter worth approximately $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Up 1.9 %

Shares of NYSE WMT opened at $98.65 on Friday. Walmart Inc. has a 12-month low of $58.20 and a 12-month high of $105.30. The company has a market cap of $792.52 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $95.90 and its 200 day simple moving average is $87.58.

Walmart (NYSE:WMT) last posted 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 company had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Equities research analysts expect 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 given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Wall Street Analyst Weigh In

WMT has been the subject of several recent research reports. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday. UBS Group reaffirmed a “buy” rating on shares of Walmart in a report on Friday. Tigress Financial boosted their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Bank of America raised their target price on Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their target price on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $103.07.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the transaction, the executive vice president now directly owns 375,165 shares in the company, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 188,777 shares of company stock worth $17,934,726. 45.58% of the stock is owned by company 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.