Runnymede Capital Advisors Inc. Acquires Shares of 3,009 Walmart Inc. (NYSE:WMT)

Runnymede Capital Advisors Inc. bought a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,009 shares of the retailer’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Coyle Financial Counsel LLC grew its stake in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after buying an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC grew its stake in shares of Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after buying an additional 106 shares during the last quarter. Van Strum & Towne Inc. grew its stake in shares of Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after buying an additional 108 shares during the last quarter. Finally, Scarborough Advisors LLC grew its stake in shares of Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after buying an additional 109 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 189,777 shares of company stock valued at $18,001,116. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of research reports. Guggenheim reaffirmed a “buy” rating and set a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. 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 research note on Friday, December 13th. KeyCorp boosted their price objective on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Oppenheimer boosted their price objective on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Finally, Truist Financial boosted their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Walmart Trading Up 0.1 %

WMT opened at $85.94 on Friday. 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 Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The firm has a market capitalization of $688.93 billion, a PE ratio of 35.66, a P/E/G ratio of 4.42 and a beta of 0.53. The company’s 50-day moving average is $95.19 and its 200 day moving average is $88.95.

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

Walmart Dividend Announcement

The company also recently disclosed 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 1.09%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

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.