Heritage Wealth Management Inc. CA Purchases 3,367 Shares of Walmart Inc. (NYSE:WMT)

Heritage Wealth Management Inc. CA lifted its position in Walmart Inc. (NYSE:WMT) by 47.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,407 shares of the retailer’s stock after purchasing an additional 3,367 shares during the quarter. Heritage Wealth Management Inc. CA’s holdings in Walmart were worth $940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new stake in shares of Walmart during the 4th quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter worth $32,000. Noble Wealth Management PBC purchased a new position in Walmart in the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC bought a new position in Walmart in the third quarter valued at $43,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock valued at $18,001,116 over the last ninety days. Company insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.8 %

Shares of NYSE WMT opened at $87.56 on Tuesday. The firm has a fifty day simple moving average of $95.12 and a two-hundred day simple moving average of $89.19. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. 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 $701.92 billion, a PE ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last released 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 company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. Walmart’s dividend payout ratio is presently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. KeyCorp boosted their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Jefferies Financial Group increased their price target on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Stifel Nicolaus lowered their price objective on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a report on Thursday, March 20th. Finally, Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart 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.