Wealth Management Nebraska Makes New Investment in Walmart Inc. (NYSE:WMT)

Wealth Management Nebraska purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, HoldingsChannel reports. The firm purchased 10,725 shares of the retailer’s stock, valued at approximately $969,000.

Other hedge funds have also modified their holdings of the company. Peterson Financial Group Inc. acquired a new position in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at $27,000. 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 acquiring an additional 174 shares during the last quarter. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart in the fourth quarter worth $32,000. Finally, Hara Capital LLC purchased a new position in shares of Walmart during the third quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of NYSE WMT opened at $94.70 on Friday. The firm has a 50-day simple moving average of $95.63 and a 200-day simple moving average of $86.44. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $760.77 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $57.77 and a 52 week 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 analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio is currently 34.44%.

Insider Activity

In related news, Director Robert Edward Jr. Moritz acquired 5,446 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at $716,577.05. The trade was a 230.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the transaction, the chief executive officer now directly owns 3,814,805 shares of the company’s stock, valued at $348,825,769.20. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 176,777 shares of company stock valued at $16,570,112 in the last quarter. Insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price target (up from $97.00) on shares of Walmart in a report on Friday. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday. Robert W. Baird lifted their price target on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Guggenheim lifted their target price on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.43.

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.