Kennondale Capital Management LLC Purchases Shares of 18,377 Walmart Inc. (NYSE:WMT)

Kennondale Capital Management LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 18,377 shares of the retailer’s stock, valued at approximately $1,660,000. Walmart comprises about 1.4% of Kennondale Capital Management LLC’s portfolio, making the stock its 17th largest position.

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

Insider Buying and Selling

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at approximately $25,419,362.80. This trade represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,777 shares of company stock worth $17,657,316 over the last quarter. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $87.54 on Tuesday. The firm has a market cap of $703.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm’s 50-day simple moving average is $95.67 and its 200-day simple moving average is $88.88. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid 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 dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Tigress Financial upped their price target on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Sanford C. Bernstein upped their price target on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird upped their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. 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. According to data from MarketBeat.com, Walmart presently has a consensus rating of “Buy” and an average price target of $103.20.

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.