Walmart Inc. (NYSE:WMT) Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its stake in Walmart Inc. (NYSE:WMT) by 36.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,299 shares of the retailer’s stock after purchasing an additional 12,298 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Walmart were worth $4,183,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WMT. IFP Advisors Inc grew its holdings in shares of Walmart by 9.6% during the fourth quarter. IFP Advisors Inc now owns 87,530 shares of the retailer’s stock worth $7,908,000 after buying an additional 7,687 shares in the last quarter. Cannon Wealth Management Services LLC purchased a new stake in Walmart during the 4th quarter valued at about $232,000. Cape ANN Savings Bank raised its holdings in Walmart by 30.7% in the 4th quarter. Cape ANN Savings Bank now owns 12,949 shares of the retailer’s stock valued at $1,170,000 after acquiring an additional 3,043 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Walmart in the 4th quarter worth approximately $3,096,000. Finally, Partners Wealth Management LLC acquired a new position in shares of Walmart during the 4th quarter worth approximately $659,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms recently commented on WMT. KeyCorp increased their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Barclays upped their price objective on Walmart from $98.00 to $108.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Sanford C. Bernstein upped their price objective on shares of Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their target price on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Walmart Trading Down 1.2 %

WMT opened at $93.64 on Tuesday. 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 Inc. has a 52 week low of $58.18 and a 52 week high of $105.30. The business’s 50 day moving average is $95.60 and its two-hundred day moving average is $86.89. The firm has a market cap of $752.21 billion, a price-to-earnings ratio of 38.85, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

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

Walmart Announces Dividend

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 dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.00%. Walmart’s dividend payout ratio (DPR) is 34.44%.

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.