Core Wealth Partners LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

Core Wealth Partners LLC grew its position in Walmart Inc. (NYSE:WMT) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,041 shares of the retailer’s stock after purchasing an additional 2,136 shares during the quarter. Core Wealth Partners LLC’s holdings in Walmart were worth $1,269,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of WMT. Coyle Financial Counsel LLC increased its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after buying an additional 102 shares during the period. SC&H Financial Advisors Inc. increased its stake in shares of Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after purchasing an additional 103 shares in the last quarter. Blackston Financial Advisory Group LLC raised its stake in shares of Walmart by 0.7% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after buying an additional 106 shares during the period. Van Strum & Towne Inc. raised its position in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after acquiring an additional 108 shares during the period. Finally, Scarborough Advisors LLC raised its position in shares of Walmart by 2.0% during the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after purchasing an additional 109 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s 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 sale, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

NYSE:WMT opened at $84.69 on Wednesday. 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 market capitalization of $678.95 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a 50-day moving average price of $95.00 and a two-hundred day moving average price of $89.25. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

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

Walmart Dividend Announcement

The business also recently disclosed 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. This represents a $0.94 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Analysts Set New Price Targets

Several research firms have recently commented on WMT. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Robert W. Baird boosted their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. UBS Group reiterated a “buy” rating on shares of Walmart in a report on Friday, February 28th. Finally, Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.