Custos Family Office LLC Makes New $205,000 Investment in Walmart Inc. (NYSE:WMT)

Custos Family Office LLC purchased a new position in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,274 shares of the retailer’s stock, valued at approximately $205,000.

A number of other large investors have also bought and sold shares of WMT. Brophy Wealth Management LLC acquired a new position in shares of Walmart during the third quarter valued at about $2,072,000. Candriam S.C.A. grew its holdings in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after buying an additional 599,257 shares during the last quarter. Bank of New Hampshire grew its holdings in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Modera Wealth Management LLC grew its holdings in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after buying an additional 9,292 shares during the last quarter. Finally, Iowa State Bank grew its holdings in shares of Walmart by 213.8% during the fourth quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after buying an additional 18,263 shares during the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. The trade was a 0.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction 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. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WMT. UBS Group restated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Morgan Stanley restated an “overweight” rating and set a $115.00 price target (up from $106.00) on shares of Walmart in a report on Thursday, February 13th. JPMorgan Chase & Co. boosted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Evercore ISI cut their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, TD Cowen boosted their price target on shares of Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $103.20.

Walmart Stock Performance

Walmart stock opened at $87.54 on Tuesday. The firm’s 50 day simple moving average is $95.67 and its 200 day simple moving average is $88.88. 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 firm has a market capitalization of $703.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 yield of 1.07%. Walmart’s dividend payout ratio is presently 39.00%.

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.