3,133 Shares in Walmart Inc. (NYSE:WMT) Acquired by Hughes Financial Services LLC

Hughes Financial Services LLC bought a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,133 shares of the retailer’s stock, valued at approximately $283,000.

Several other hedge funds have also modified their holdings of the stock. Postrock Partners LLC acquired a new stake in shares of Walmart in the fourth quarter worth approximately $2,061,000. Analyst IMS Investment Management Services Ltd. boosted its position in shares of Walmart by 19.2% in the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 56,940 shares of the retailer’s stock worth $5,145,000 after acquiring an additional 9,166 shares during the last quarter. Left Brain Wealth Management LLC acquired a new stake in shares of Walmart in the fourth quarter worth approximately $752,000. Northwest Wealth Management LLC boosted its position in shares of Walmart by 3.4% in the fourth quarter. Northwest Wealth Management LLC now owns 23,698 shares of the retailer’s stock worth $2,141,000 after acquiring an additional 777 shares during the last quarter. Finally, King Wealth Management Group boosted its position in shares of Walmart by 5.5% in the fourth quarter. King Wealth Management Group now owns 127,071 shares of the retailer’s stock worth $11,481,000 after acquiring an additional 6,681 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is owned by insiders.

Walmart Stock Performance

WMT stock opened at $84.36 on Friday. The company has a market capitalization of $677.67 billion, a P/E ratio of 35.00, a PEG ratio of 4.42 and a beta of 0.53. The company has a 50-day simple moving average of $95.85 and a 200 day simple moving average of $88.56. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business 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%. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on WMT. Tigress Financial lifted their price target on shares of Walmart from $86.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, December 13th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. TD Cowen lifted their price target on shares of Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $103.20.

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.