Trace Wealth Advisors LLC Makes New $271,000 Investment in Walmart Inc. (NYSE:WMT)

Trace Wealth Advisors LLC bought a new position in Walmart Inc. (NYSE:WMT) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the retailer’s stock, valued at approximately $271,000.

Several other hedge funds have also added to or reduced their stakes in the stock. FPC Investment Advisory Inc. purchased a new stake in Walmart in the fourth quarter worth $25,000. Horizon Financial Services LLC increased its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. bought a new stake in Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at about $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the fourth quarter valued at about $37,000. 26.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Sanford C. Bernstein reissued an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Robert W. Baird raised their price objective on Walmart from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday. KeyCorp raised their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Truist Financial boosted their price target on Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a report on Friday. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.94.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 2,200 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the transaction, the executive vice president now owns 632,718 shares in the company, valued at $61,607,751.66. This trade represents a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,857 shares of company stock worth $12,444,743. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE:WMT opened at $98.26 on Friday. The company has a market cap of $786.18 billion, a P/E ratio of 40.77, a PEG ratio of 4.42 and a beta of 0.70. 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 one year low of $63.87 and a one year high of $105.30. The business’s 50-day simple moving average is $91.19 and its 200 day simple moving average is $92.48.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, beating the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion for the quarter, compared to the consensus estimate of $164.53 billion. During the same period last year, the business posted $0.60 EPS. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be given a dividend of $0.235 per share. The ex-dividend date is Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.