4,540 Shares in Walmart Inc. (NYSE:WMT) Purchased by Potentia Wealth

Potentia Wealth bought a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 4,540 shares of the retailer’s stock, valued at approximately $410,000.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart in the fourth quarter valued at $32,000. Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth about $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Walmart in the 3rd quarter valued at about $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Evercore ISI decreased their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their target price on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a report on Thursday, March 20th. Finally, Erste Group Bank downgraded Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Two equities 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Walmart Stock Performance

Shares of WMT opened at $87.56 on Tuesday. The stock has a market capitalization of $701.92 billion, a P/E ratio of 36.33, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company’s fifty day moving average is $95.12 and its two-hundred day moving average is $89.19.

Walmart (NYSE:WMT) last issued 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 business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at $41,956,404.35. This represents a 0.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, 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. Insiders have sold 189,777 shares of company stock valued at $18,001,116 over the last quarter. Company insiders own 45.58% of the company’s stock.

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.