Walmart Inc. (NYSE:WMT) Shares Acquired by Florida Financial Advisors LLC

Florida Financial Advisors LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,992 shares of the retailer’s stock after purchasing an additional 3,125 shares during the period. Florida Financial Advisors LLC’s holdings in Walmart were worth $1,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $25,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at about $32,000. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walmart during the 3rd quarter worth approximately $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock worth $18,001,116 over the last ninety days. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $87.56 on Tuesday. 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 company has a market cap of $701.92 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock’s 50-day moving average is $95.12 and its two-hundred day moving average is $89.19. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last released 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 firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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 paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. Walmart’s payout ratio is currently 39.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Jefferies Financial Group lifted their price target on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. Stifel Nicolaus cut their price objective on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Finally, Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Two research analysts have 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

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.