Tumwater Wealth Management LLC Makes New Investment in Walmart Inc. (NYSE:WMT)

Tumwater Wealth Management LLC bought a new position in Walmart Inc. (NYSE:WMT) in the fourth quarter, HoldingsChannel.com reports. The fund bought 3,240 shares of the retailer’s stock, valued at approximately $293,000. Walmart accounts for 0.2% of Tumwater Wealth Management LLC’s portfolio, making the stock its 25th largest position.

A number of other large investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock worth $7,048,465,000 after purchasing an additional 2,786,061 shares during the period. FMR LLC grew its position in Walmart by 12.9% in the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock worth $5,098,203,000 after purchasing an additional 7,200,004 shares during the period. Fisher Asset Management LLC grew its position in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer’s stock worth $4,408,452,000 after purchasing an additional 1,133,201 shares during the period. Franklin Resources Inc. grew its position in Walmart by 3.7% in the 3rd quarter. Franklin Resources Inc. now owns 41,501,782 shares of the retailer’s stock worth $3,392,658,000 after purchasing an additional 1,480,927 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Walmart by 14.0% in the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock worth $2,893,079,000 after purchasing an additional 3,927,173 shares during the period. Institutional investors own 26.76% of the company’s stock.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Evercore ISI cut their price objective 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. Stifel Nicolaus boosted their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Robert W. Baird boosted their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $103.20.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now directly owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by corporate insiders.

Walmart Stock Up 0.9 %

Shares of WMT stock opened at $85.29 on Friday. The stock has a market cap of $685.19 billion, a P/E ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. 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 company’s fifty day simple moving average is $95.74 and its two-hundred day simple moving average is $88.71.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio 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.