Potentia Wealth Invests $410,000 in Walmart Inc. (NYSE:WMT)

Potentia Wealth purchased a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,540 shares of the retailer’s stock, valued at approximately $410,000.

Several other institutional investors have also added to or reduced their stakes in WMT. Coyle Financial Counsel LLC boosted its holdings in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. raised its holdings in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after acquiring an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its stake in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after acquiring an additional 106 shares during the period. Van Strum & Towne Inc. boosted its holdings in Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after acquiring an additional 108 shares in the last quarter. Finally, Scarborough Advisors LLC increased its position in Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $87.56 on Tuesday. The firm has a 50-day simple moving average of $95.12 and a 200-day simple moving average of $89.19. 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 stock has a market capitalization of $701.92 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities analysts predict 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 paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on WMT shares. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Truist Financial upped their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Stifel Nicolaus lowered their price target on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Two analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $103.17.

Insider Buying and Selling at Walmart

In other Walmart 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 transaction of $1,215,375.00. Following the completion of the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 189,777 shares of company stock worth $18,001,116 in the last three months. 45.58% of the stock is owned by corporate insiders.

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.