59,963 Shares in Walmart Inc. (NYSE:WMT) Bought by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 59,963 shares of the retailer’s stock, valued at approximately $5,418,000.

A number of other institutional investors have also modified their holdings of the stock. Coyle Financial Counsel LLC grew its holdings in shares of Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after acquiring an additional 102 shares during the period. SC&H Financial Advisors Inc. lifted its stake 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 buying an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the period. Scarborough Advisors LLC lifted its stake in shares of Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its stake in shares of Walmart by 4.0% during the 4th quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after purchasing an additional 110 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WMT. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Guggenheim reiterated a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday. UBS Group lowered their price target on Walmart from $113.00 to $112.00 and set a “buy” rating for the company in a report on Friday. StockNews.com downgraded Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, DZ Bank downgraded Walmart from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a report on Thursday, November 21st. Two investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $102.43.

Insider Activity at Walmart

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction dated Wednesday, November 27th. The stock was bought at an average cost of $91.81 per share, with a total value of $499,997.26. Following the purchase, the director now owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. This represents a 230.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the sale, the executive vice president now owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 194,377 shares of company stock valued at $18,231,904 over the last ninety days. 45.58% of the stock is owned by insiders.

Walmart Trading Down 1.2 %

Shares of Walmart stock opened at $93.64 on Tuesday. Walmart Inc. has a 12-month low of $58.18 and a 12-month high of $105.30. The stock has a market capitalization of $752.21 billion, a P/E ratio of 38.85, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a 50-day simple moving average of $95.60 and a 200 day simple moving average of $86.89. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

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

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend yield of 1.00%. Walmart’s dividend payout ratio (DPR) is presently 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.