Seven Springs Wealth Group LLC Purchases Shares of 2,976 Walmart Inc. (NYSE:WMT)

Seven Springs Wealth Group LLC acquired a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, Holdings Channel.com reports. The firm acquired 2,976 shares of the retailer’s stock, valued at approximately $269,000.

Several other large investors also recently bought and sold shares of WMT. Vanguard Group Inc. boosted its position in shares of Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Walmart by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer’s stock worth $8,167,186,000 after buying an additional 3,017,829 shares in the last quarter. Norges Bank acquired a new stake in shares of Walmart in the 4th quarter valued at $5,737,355,000. Fisher Asset Management LLC boosted its holdings in shares of Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock valued at $4,408,452,000 after buying an additional 1,133,201 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer’s stock worth $3,796,129,000 after purchasing an additional 514,036 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus reduced their target price on Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Truist Financial upped their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Citigroup reiterated a “positive” rating on shares of Walmart in a report on Thursday, February 20th. Evercore ISI decreased their price target 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. Finally, StockNews.com cut Walmart from a “buy” rating to a “hold” rating in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average target price of $103.58.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company’s stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 140,533 shares of company stock valued at $13,241,740 over the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Stock Up 0.2 %

Shares of Walmart stock opened at $95.01 on Thursday. Walmart Inc. has a 1 year low of $58.58 and a 1 year high of $105.30. The stock has a market cap of $761.68 billion, a price-to-earnings ratio of 39.42, a PEG ratio of 4.42 and a beta of 0.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm’s 50-day moving average is $90.91 and its two-hundred day moving average is $90.54.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $178.83 billion. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.