Congress Wealth Management LLC DE Purchases 1,309 Shares of Walmart Inc. (NYSE:WMT)

Congress Wealth Management LLC DE increased its holdings in Walmart Inc. (NYSE:WMT) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,038 shares of the retailer’s stock after purchasing an additional 1,309 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Walmart were worth $4,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart in the 4th quarter worth about $32,000. Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Walmart during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 3.2 %

WMT opened at $84.69 on Wednesday. The company has a market capitalization of $678.95 billion, a PE ratio of 35.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a 50-day simple moving average of $95.00 and a two-hundred day simple moving average of $89.25. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. 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 results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors 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 1.11%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, December 26th. The shares were 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 of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock worth $18,001,116 over the last 90 days. 45.58% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on WMT. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price target (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 report on Tuesday, February 18th. Wells Fargo & Company boosted their target price on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Finally, Truist Financial upped their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

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.