Hilltop Partners LLC Has $1.18 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Hilltop Partners LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 26.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,093 shares of the retailer’s stock after acquiring an additional 2,722 shares during the period. Hilltop Partners LLC’s holdings in Walmart were worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB raised its position in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock valued at $431,632,000 after acquiring an additional 18,644 shares during the period. Eagle Strategies LLC increased its stake in Walmart by 11.5% in the third quarter. Eagle Strategies LLC now owns 5,390 shares of the retailer’s stock valued at $435,000 after purchasing an additional 558 shares in the last quarter. GSB Wealth Management LLC raised its holdings in Walmart by 27.9% in the third quarter. GSB Wealth Management LLC now owns 4,416 shares of the retailer’s stock worth $357,000 after purchasing an additional 963 shares during the period. Highline Wealth Partners LLC bought a new position in shares of Walmart during the third quarter worth $48,000. Finally, ADE LLC acquired a new position in shares of Walmart in the 3rd quarter valued at $206,000. 26.76% of the stock is currently owned by institutional investors.

Insider Transactions at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 146,528 shares of company stock worth $13,849,185 over the last quarter. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $96.88 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $95.77 and its 200 day simple moving average is $87.23. Walmart Inc. has a 1-year low of $58.20 and a 1-year high of $105.30. The company has a market cap of $778.23 billion, a price-to-earnings ratio of 40.20, a PEG ratio of 4.42 and a beta of 0.55.

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 the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.97%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Ratings Changes

Several brokerages recently commented on WMT. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Robert W. Baird increased their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Walmart has a consensus rating of “Buy” and an average price target of $103.07.

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.