Frank Rimerman Advisors LLC Boosts Holdings in Walmart Inc. (NYSE:WMT)

Frank Rimerman Advisors LLC raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,956 shares of the retailer’s stock after purchasing an additional 201 shares during the period. Frank Rimerman Advisors LLC’s holdings in Walmart were worth $5,146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in WMT. Swedbank AB boosted its stake in shares of Walmart by 0.4% during the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after purchasing an additional 18,644 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Walmart by 14.9% during the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Walmart during the 3rd quarter worth about $231,000. Curi RMB Capital LLC boosted its stake in shares of Walmart by 43.2% during the 3rd quarter. Curi RMB Capital LLC now owns 24,450 shares of the retailer’s stock worth $1,974,000 after purchasing an additional 7,381 shares during the last quarter. Finally, Balboa Wealth Partners boosted its stake in shares of Walmart by 4.4% during the 3rd quarter. Balboa Wealth Partners now owns 8,639 shares of the retailer’s stock worth $698,000 after purchasing an additional 363 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on WMT shares. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Stifel Nicolaus raised their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Tuesday, February 25th. Finally, Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. 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. According to MarketBeat, Walmart currently has a consensus rating of “Buy” and a consensus price target of $103.20.

Walmart Stock Up 0.9 %

Shares of NYSE:WMT opened at $85.29 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $95.74 and a 200 day simple moving average of $88.62. The firm has a market cap of $685.19 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business 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 $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Buying and Selling

In other Walmart news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on 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 $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly 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. Over the last quarter, insiders sold 185,777 shares of company stock worth $17,657,316. Insiders own 45.58% of the company’s stock.

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.