Walmart Inc. (NYSE:WMT) Shares Acquired by Jackson Thornton Wealth Management LLC

Jackson Thornton Wealth Management LLC boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 21.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,312 shares of the retailer’s stock after purchasing an additional 582 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Walmart were worth $299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Congress Wealth Management LLC DE boosted its position in Walmart by 2.9% during the 4th quarter. Congress Wealth Management LLC DE now owns 47,038 shares of the retailer’s stock worth $4,250,000 after acquiring an additional 1,309 shares during the period. Horrell Capital Management Inc. boosted its position in Walmart by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 86,603 shares of the retailer’s stock worth $7,825,000 after acquiring an additional 228 shares during the period. Crowley Wealth Management Inc. acquired a new position in Walmart during the 4th quarter worth $326,000. Vanguard Group Inc. boosted its position in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock worth $38,194,278,000 after acquiring an additional 2,050,683 shares during the period. Finally, Napatree Capital LLC boosted its position in Walmart by 13.2% during the 4th quarter. Napatree Capital LLC now owns 16,218 shares of the retailer’s stock worth $1,465,000 after acquiring an additional 1,887 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Stock Up 0.1 %

NYSE:WMT opened at $85.94 on Monday. The firm has a market capitalization of $688.93 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. 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 business’s fifty day moving average price is $95.19 and its 200 day moving average price is $89.12.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating 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 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 Announces Dividend

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 paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.09%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Truist Financial boosted their price target on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Finally, Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Two investment 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’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 transaction, the executive vice president now owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 189,777 shares of company stock worth $18,001,116 over the last 90 days. 45.58% of the stock is currently owned by corporate 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.