Walmart Inc. (NYSE:WMT) Stock Position Increased by Harbour Investments Inc.

Harbour Investments Inc. boosted its position in shares of Walmart Inc. (NYSE:WMT) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,827 shares of the retailer’s stock after buying an additional 3,118 shares during the quarter. Harbour Investments Inc.’s holdings in Walmart were worth $5,044,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of analysts have weighed in on WMT shares. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Roth Mkm restated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Evercore ISI cut their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Finally, Truist Financial raised their price target on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. One 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. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $103.20.

Walmart Stock Performance

Walmart stock opened at $85.29 on Monday. The firm has a market capitalization of $685.19 billion, a P/E ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. The stock has a fifty day moving average price of $95.74 and a two-hundred day moving average price of $88.80. Walmart Inc. has a 52-week low of $58.56 and a 52-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.

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart’s dividend payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart 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 transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $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 is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the sale, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by insiders.

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.