Uniting Wealth Partners LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

Uniting Wealth Partners LLC acquired a new position in Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,017,751 shares of the retailer’s stock, valued at approximately $91,954,000. Walmart makes up about 44.4% of Uniting Wealth Partners LLC’s investment portfolio, making the stock its biggest position.

Other large investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in Walmart during the 4th quarter worth about $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart in the 4th quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the transaction, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. This trade represents a 0.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,652 shares of company stock worth $16,590,028. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of a number of research reports. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research report on Monday, February 24th. 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. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, February 25th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Walmart Stock Up 1.2 %

Walmart stock opened at $89.88 on Thursday. The firm has a 50 day moving average price of $94.38 and a two-hundred day moving average price of $89.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The firm has a market cap of $720.55 billion, a price-to-earnings ratio of 37.29, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last issued its quarterly 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. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Equities analysts predict 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. Shareholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

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.