Heritage Oak Wealth Advisors LLC Has $63.89 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Heritage Oak Wealth Advisors LLC increased its holdings in Walmart Inc. (NYSE:WMT) by 121.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 707,083 shares of the retailer’s stock after purchasing an additional 388,295 shares during the period. Walmart accounts for 30.5% of Heritage Oak Wealth Advisors LLC’s holdings, making the stock its biggest holding. Heritage Oak Wealth Advisors LLC’s holdings in Walmart were worth $63,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WMT. Swedbank AB increased its stake in Walmart by 0.4% during the third quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Walmart by 17.6% during the third quarter. Pallas Capital Advisors LLC now owns 11,403 shares of the retailer’s stock worth $947,000 after acquiring an additional 1,705 shares during the period. Boston Financial Mangement LLC lifted its holdings in shares of Walmart by 3.7% in the 3rd quarter. Boston Financial Mangement LLC now owns 29,274 shares of the retailer’s stock worth $2,364,000 after buying an additional 1,041 shares during the period. Diversify Advisory Services LLC grew its holdings in Walmart by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 19,158 shares of the retailer’s stock worth $1,571,000 after acquiring an additional 507 shares in the last quarter. Finally, Valmark Advisers Inc. increased its holdings in Walmart by 7.2% during the third quarter. Valmark Advisers Inc. now owns 56,787 shares of the retailer’s stock valued at $4,586,000 after buying an additional 3,822 shares during the period. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.6 %

WMT opened at $96.11 on Thursday. The firm has a market cap of $772.10 billion, a price-to-earnings ratio of 39.88, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $95.70 and its two-hundred day moving average is $87.17. Walmart Inc. has a 52 week low of $58.20 and a 52 week high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. On average, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.98%. Walmart’s dividend payout ratio is currently 39.00%.

Analyst Ratings Changes

WMT has been the subject of several recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus raised their target price on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. One investment analyst has 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.com, the company currently has a consensus rating of “Buy” and an average price target of $103.07.

Insiders Place Their Bets

In related news, EVP Christopher James Nicholas sold 17,600 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now owns 348,357 shares of the company’s stock, valued at approximately $32,891,867.94. This represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $41,956,404.35. This represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 146,528 shares of company stock valued at $13,849,185. Company insiders own 45.58% of the company’s stock.

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.