Resolute Wealth Strategies LLC Purchases 300 Shares of Walmart Inc. (NYSE:WMT)

Resolute Wealth Strategies LLC raised its position in Walmart Inc. (NYSE:WMT) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,721 shares of the retailer’s stock after purchasing an additional 300 shares during the quarter. Walmart accounts for about 0.8% of Resolute Wealth Strategies LLC’s holdings, making the stock its 29th biggest holding. Resolute Wealth Strategies LLC’s holdings in Walmart were worth $1,601,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter valued at about $25,000. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at about $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter valued at about $32,000. Finally, Hara Capital LLC bought a new position in Walmart in the third quarter valued at about $37,000. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WMT shares. Roth Mkm restated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley restated an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $103.07.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on 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 sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $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 three months, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by company insiders.

Walmart Stock Down 1.1 %

Shares of NYSE:WMT opened at $97.49 on Tuesday. The stock has a market cap of $783.17 billion, a price-to-earnings ratio of 40.45, a PEG 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 $58.40 and a 12-month high of $105.30. The business’s 50 day moving average is $96.04 and its 200 day moving average is $87.88.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors 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 dividend yield of 0.96%. Walmart’s payout ratio is 39.00%.

Walmart Company 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.