Kirtland Hills Capital Management LLC Purchases 249 Shares of Walmart Inc. (NYSE:WMT)

Kirtland Hills Capital Management LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,261 shares of the retailer’s stock after acquiring an additional 249 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Walmart were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Swedbank AB increased its holdings in Walmart by 0.4% during the 3rd 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 period. Investment Partners Asset Management Inc. grew its holdings in shares of Walmart by 27.7% during the 3rd quarter. Investment Partners Asset Management Inc. now owns 5,737 shares of the retailer’s stock valued at $463,000 after purchasing an additional 1,243 shares during the last quarter. Concord Wealth Partners grew its holdings in shares of Walmart by 24.1% during the 3rd quarter. Concord Wealth Partners now owns 22,016 shares of the retailer’s stock valued at $1,778,000 after purchasing an additional 4,269 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in Walmart by 1.5% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 54,296 shares of the retailer’s stock valued at $4,384,000 after buying an additional 816 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its position in Walmart by 9.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 20,591 shares of the retailer’s stock valued at $1,663,000 after buying an additional 1,703 shares during the period. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $92.47, for a total transaction of $277,410.00. Following the completion of the sale, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 146,528 shares of company stock worth $13,849,185 over the last quarter. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Wells Fargo & Company raised their price objective on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. lifted their price target on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Stifel Nicolaus raised their price objective on shares of Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Finally, Truist Financial raised their price objective on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Trading Up 4.4 %

WMT stock opened at $97.81 on Wednesday. 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 Inc. has a twelve month low of $58.18 and a twelve month high of $105.30. The stock has a market capitalization of $785.78 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The firm’s fifty day simple moving average is $95.65 and its two-hundred day simple moving average is $87.10.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 0.96%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

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.