Bradley & Co. Private Wealth Management LLC Purchases Shares of 111,524 Walmart Inc. (NYSE:WMT)

Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 111,524 shares of the retailer’s stock, valued at approximately $10,076,000. Walmart accounts for 6.3% of Bradley & Co. Private Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding.

Other institutional investors also recently modified their holdings of the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth about $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter worth about $27,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart in the third quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new stake in Walmart in the fourth quarter valued at approximately $32,000. Finally, Voisard Asset Management Group Inc. increased its position in Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock valued at $32,000 after purchasing an additional 174 shares during the period. Institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WMT. Oppenheimer boosted their price target on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Wells Fargo & Company increased their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. UBS Group decreased their target price on Walmart from $113.00 to $112.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, Jefferies Financial Group increased their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $103.07.

Walmart Stock Up 4.4 %

WMT opened at $97.81 on Wednesday. Walmart Inc. has a twelve month low of $58.18 and a twelve month high of $105.30. The company’s 50-day moving average price is $95.65 and its two-hundred day moving average price is $87.10. The stock has a market cap of $785.78 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 4.42 and a beta of 0.55. 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 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current 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 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 0.96%. Walmart’s payout ratio is 39.00%.

Insider Activity at Walmart

In other Walmart news, EVP Christopher James Nicholas sold 17,600 shares of the stock in a transaction on 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 sale, the executive vice president now owns 348,357 shares in the company, valued at $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 146,528 shares of company stock worth $13,849,185. Company insiders own 45.58% of the company’s stock.

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.