7,292 Shares in Walmart Inc. (NYSE:WMT) Purchased by Partners Wealth Management LLC

Partners Wealth Management LLC bought a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,292 shares of the retailer’s stock, valued at approximately $659,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at about $25,000. Peterson Financial Group Inc. acquired a new position in Walmart during the third quarter valued at approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the fourth quarter worth approximately $27,000. Voisard Asset Management Group Inc. increased its position in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Walmart in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on WMT. Evercore ISI upped their price target on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America boosted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 target price on shares of Walmart in a report on Friday. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, KeyCorp lifted their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.43.

Walmart Stock Performance

Walmart stock opened at $94.70 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 12 month low of $57.77 and a 12 month high of $105.30. The company has a fifty day moving average price of $95.63 and a two-hundred day moving average price of $86.71. The company has a market cap of $760.77 billion, a PE ratio of 39.30, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS 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 analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 34.44%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,777 shares of company stock worth $16,570,112. 45.58% of the stock is owned by insiders.

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.