Walmart Inc. (NYSE:WMT) Position Boosted by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,261 shares of the retailer’s stock after purchasing an additional 249 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Walmart were worth $295,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of WMT. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. bought a new position in Walmart during the third quarter valued at about $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $27,000. Voisard Asset Management Group Inc. grew its position in Walmart by 77.3% during the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after buying an additional 174 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth about $32,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 4.4 %

Shares of WMT opened at $97.81 on Wednesday. The firm’s 50 day moving average is $95.65 and its 200-day moving average is $87.10. The stock has a market capitalization of $785.78 billion, a PE ratio of 40.59, a P/E/G ratio of 4.42 and a beta of 0.55. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 12 month low of $58.18 and a 12 month high of $105.30.

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

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.96%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a research note on Monday. StockNews.com lowered shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Piper Sandler upped their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, KeyCorp boosted their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart has an average rating of “Buy” and an average target price of $103.07.

Insider Transactions at Walmart

In related news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the transaction, the executive vice president now owns 375,165 shares in the company, valued at $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the sale, the executive vice president now directly owns 348,357 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 146,528 shares of company stock worth $13,849,185. Company insiders own 45.58% of the company’s stock.

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.