Glass Wealth Management Co LLC Buys 360 Shares of Walmart Inc. (NYSE:WMT)

Glass Wealth Management Co LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 10.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,919 shares of the retailer’s stock after buying an additional 360 shares during the period. Glass Wealth Management Co LLC’s holdings in Walmart were worth $354,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cypress Capital Group boosted its holdings in shares of Walmart by 1.8% during the 4th quarter. Cypress Capital Group now owns 141,505 shares of the retailer’s stock worth $12,785,000 after buying an additional 2,567 shares in the last quarter. Mainstream Capital Management LLC boosted its holdings in shares of Walmart by 1.1% during the 4th quarter. Mainstream Capital Management LLC now owns 10,871 shares of the retailer’s stock worth $982,000 after buying an additional 113 shares in the last quarter. SWS Partners boosted its holdings in shares of Walmart by 1.6% during the 4th quarter. SWS Partners now owns 24,604 shares of the retailer’s stock worth $2,228,000 after buying an additional 378 shares in the last quarter. Ring Mountain Capital LLC bought a new position in shares of Walmart during the 4th quarter worth approximately $288,000. Finally, Exencial Wealth Advisors LLC boosted its holdings in shares of Walmart by 24.6% during the 4th quarter. Exencial Wealth Advisors LLC now owns 27,194 shares of the retailer’s stock worth $2,457,000 after buying an additional 5,369 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated 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 sale, the executive vice president now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was 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 owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by insiders.

Walmart Trading Down 2.9 %

Shares of Walmart stock opened at $94.74 on Wednesday. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The firm has a market cap of $761.04 billion, a PE ratio of 39.31, a P/E/G ratio of 4.42 and a beta of 0.55. The stock has a fifty day moving average price of $96.08 and a 200-day moving average price of $88.03. 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 (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The company also recently disclosed 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 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Analyst Ratings Changes

WMT has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Guggenheim reiterated a “buy” rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. JPMorgan Chase & Co. increased their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Wells Fargo & Company increased their target price on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $103.07.

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.