4,449 Shares in Walmart Inc. (NYSE:WMT) Bought by Centricity Wealth Management LLC

Centricity Wealth Management LLC purchased a new stake in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,449 shares of the retailer’s stock, valued at approximately $402,000.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth approximately $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Voisard Asset Management Group Inc. boosted its holdings in shares of Walmart by 77.3% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after buying an additional 174 shares in the last quarter. Finally, Hara Capital LLC purchased a new position in shares of Walmart in the 3rd quarter valued at $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

WMT stock opened at $97.22 on Friday. The firm has a 50 day moving average of $95.62 and a 200-day moving average of $86.25. The company has a market cap of $781.02 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 4.40 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.23 and a debt-to-equity ratio of 0.42. Walmart Inc. has a 12-month low of $57.60 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.78% and a net margin of 2.92%. As a group, equities analysts expect that Walmart Inc. will post 2.48 EPS for the current fiscal year.

Walmart Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 21st will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.97%. This is a boost from Walmart’s previous quarterly dividend of $0.21. Walmart’s dividend payout ratio is presently 34.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Stifel Nicolaus upped their target price on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. BMO Capital Markets boosted their price objective on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $105.00 target price on shares of Walmart in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.87.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total value of $2,663,098.56. Following the transaction, the chief executive officer now owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is owned by corporate insiders.

Walmart Company 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.