Tumwater Wealth Management LLC Buys New Shares in Walmart Inc. (NYSE:WMT)

Tumwater Wealth Management LLC bought a new stake 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 institutional investor bought 3,240 shares of the retailer’s stock, valued at approximately $293,000. Walmart comprises about 0.2% of Tumwater Wealth Management LLC’s portfolio, making the stock its 25th biggest position.

A number of other institutional investors have also added to or reduced their stakes in WMT. FPC Investment Advisory Inc. bought a new position in Walmart in the fourth quarter valued at $25,000. Peterson Financial Group Inc. bought a new position in Walmart in the third quarter valued at $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter valued at $32,000. Finally, Noble Wealth Management PBC bought a new position in shares of Walmart during the fourth quarter valued at about $37,000. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WMT. Evercore ISI reduced their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Morgan Stanley reaffirmed 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. Piper Sandler raised their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Walmart presently has a consensus rating of “Buy” and a consensus target price of $103.20.

Walmart Price Performance

WMT stock opened at $85.29 on Friday. The firm has a 50 day moving average price of $95.74 and a 200-day moving average price of $88.71. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The firm has a market capitalization of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. 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 (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $180.55 billion during 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 fiscal year.

Walmart Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.10%. Walmart’s payout ratio is 39.00%.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company’s stock.

Walmart Company 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.