Fourth Dimension Wealth LLC Acquires New Shares in Walmart Inc. (NYSE:WMT)

Fourth Dimension Wealth LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, HoldingsChannel reports. The fund acquired 7,179 shares of the retailer’s stock, valued at approximately $649,000.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors boosted its position in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after purchasing an additional 19,233 shares during the last quarter. Candriam S.C.A. boosted its position in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after purchasing an additional 599,257 shares during the last quarter. Modera Wealth Management LLC boosted its position in Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after purchasing an additional 9,292 shares during the last quarter. Cushing Capital Partners LLC acquired a new stake in Walmart during the fourth quarter valued at $1,124,000. Finally, Campbell Wealth Management acquired a new stake in Walmart during the fourth quarter valued at $359,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on WMT. Wall Street Zen upgraded Walmart from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Barclays restated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Oppenheimer raised their target price on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $104.94.

Insider Buying and Selling

In related news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the completion of the transaction, the executive vice president now owns 460,672 shares in the company, valued at $44,293,612.80. The trade was a 2.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This trade represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,435 shares of company stock worth $13,886,290 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Stock Down 0.5%

Shares of WMT opened at $95.95 on Friday. The company has a market capitalization of $767.69 billion, a P/E ratio of 39.81, a PEG ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $64.16 and a one year high of $105.30. The business’s 50 day simple moving average is $92.12 and its 200-day simple moving average is $92.82.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Walmart’s revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be given a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

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.