NewEdge Wealth LLC Purchases 7,244 Shares of Walmart Inc. (NYSE:WMT)

NewEdge Wealth LLC lifted its position in Walmart Inc. (NYSE:WMT) by 5.0% in the 4th quarter, Holdings Channel reports. The fund owned 152,191 shares of the retailer’s stock after acquiring an additional 7,244 shares during the quarter. NewEdge Wealth LLC’s holdings in Walmart were worth $13,750,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC lifted its position in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC grew its position in shares of Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after buying an additional 7,200,004 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after acquiring an additional 3,927,173 shares in the last quarter. Geode Capital Management LLC lifted its position in Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Walmart by 4.6% during the third quarter. Fisher Asset Management LLC now owns 47,659,844 shares of the retailer’s stock worth $3,848,533,000 after acquiring an additional 2,107,197 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several recent research reports. Tigress Financial lifted their target price on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a report on Friday, December 13th. Evercore ISI raised their price objective on Walmart from $94.00 to $96.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada dropped their target price on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Finally, StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart has an average rating of “Buy” and an average target price of $103.07.

Walmart Trading Down 1.6 %

Shares of Walmart stock opened at $96.11 on Thursday. Walmart Inc. has a 1-year low of $58.20 and a 1-year high of $105.30. The company’s fifty day simple moving average is $95.70 and its 200-day simple moving average is $87.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a market capitalization of $772.10 billion, a PE ratio of 39.88, a P/E/G ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its 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 company had revenue of $180.55 billion for 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%. As a group, equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

Insiders Place Their Bets

In related news, EVP Christopher James Nicholas sold 17,600 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. The trade was a 4.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the 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 sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 146,528 shares of company stock worth $13,849,185. Company 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.