WealthTrak Capital Management LLC Invests $53,000 in Walmart Inc. (NYSE:WMT)

WealthTrak Capital Management LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 582 shares of the retailer’s stock, valued at approximately $53,000.

Several other hedge funds have also recently bought and sold shares of the company. Coyle Financial Counsel LLC increased its stake in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. increased its position in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after acquiring an additional 103 shares during the period. Blackston Financial Advisory Group LLC raised its stake in Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after acquiring an additional 106 shares in the last quarter. Van Strum & Towne Inc. boosted its position in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares during the period. Finally, Scarborough Advisors LLC grew its stake in shares of Walmart by 2.0% in the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Truist Financial upped their price target 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. Robert W. Baird raised their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Two analysts have 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the sale, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT opened at $85.08 on Friday. The company has a market capitalization of $682.04 billion, a PE ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company’s 50 day moving average price is $94.62 and its 200 day moving average price is $89.25. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued 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 1.10%. Walmart’s dividend payout ratio is 39.00%.

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.