Jackson Hole Capital Partners LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Jackson Hole Capital Partners LLC increased its position in Walmart Inc. (NYSE:WMT) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,375 shares of the retailer’s stock after buying an additional 509 shares during the period. Walmart accounts for about 1.6% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 11th biggest position. Jackson Hole Capital Partners LLC’s holdings in Walmart were worth $7,804,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart in the fourth quarter worth about $25,000. Peterson Financial Group Inc. bought a new stake in Walmart during the third quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter worth approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on WMT. Jefferies Financial Group boosted their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Barclays reissued an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Royal Bank of Canada reduced their price objective on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $115.00 price objective (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Down 3.1 %

Walmart stock opened at $91.68 on Friday. The business has a fifty day moving average of $96.19 and a two-hundred day moving average of $88.35. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $736.46 billion, a P/E ratio of 38.04, a P/E/G ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 21.87% and a net margin of 2.85%. On average, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed 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 of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.03%. Walmart’s dividend payout ratio is presently 39.00%.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their position. The sale 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 owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. 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.