WESPAC Advisors LLC Has $1.23 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

WESPAC Advisors LLC grew its position in shares of Walmart Inc. (NYSE:WMT) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,623 shares of the retailer’s stock after purchasing an additional 262 shares during the quarter. Walmart makes up 0.9% of WESPAC Advisors LLC’s holdings, making the stock its 26th biggest holding. WESPAC Advisors LLC’s holdings in Walmart were worth $1,231,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Integral Investment Advisors Inc. lifted its holdings in shares of Walmart by 6.8% during the fourth quarter. Integral Investment Advisors Inc. now owns 12,132 shares of the retailer’s stock worth $1,096,000 after purchasing an additional 777 shares during the period. Wealthspire Advisors LLC lifted its holdings in Walmart by 15.4% during the 4th quarter. Wealthspire Advisors LLC now owns 81,862 shares of the retailer’s stock worth $7,396,000 after buying an additional 10,913 shares during the period. Marshall Investment Management LLC acquired a new stake in Walmart during the 4th quarter valued at approximately $2,939,000. TCW Group Inc. raised its holdings in Walmart by 0.9% during the 4th quarter. TCW Group Inc. now owns 152,475 shares of the retailer’s stock worth $13,776,000 after purchasing an additional 1,360 shares during the last quarter. Finally, FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter worth approximately $25,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Trading Down 2.6 %

NYSE:WMT opened at $94.70 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market cap of $760.77 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. Walmart Inc. has a 52 week low of $57.77 and a 52 week high of $105.30. The firm has a 50-day moving average price of $95.63 and a two-hundred day moving average price of $86.57.

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

Walmart Announces Dividend

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 given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 34.44%.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now owns 3,814,805 shares in the company, valued at $348,825,769.20. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz bought 5,446 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was purchased at an average cost of $91.81 per share, with a total value of $499,997.26. Following the completion of the transaction, the director now directly owns 7,805 shares of the company’s stock, valued at approximately $716,577.05. The trade was a 230.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 176,777 shares of company stock valued at $16,570,112 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WMT. Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Barclays lifted their price objective on Walmart from $98.00 to $108.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. KeyCorp boosted their price objective on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday. Sanford C. Bernstein boosted their price objective on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada dropped their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.43.

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.