Walmart Inc. (NYSE:WMT) is Heritage Wealth Management Inc.’s 7th Largest Position

Heritage Wealth Management Inc. decreased its holdings in Walmart Inc. (NYSE:WMT) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 79,449 shares of the retailer’s stock after selling 929 shares during the period. Walmart comprises about 2.4% of Heritage Wealth Management Inc.’s portfolio, making the stock its 7th largest holding. Heritage Wealth Management Inc.’s holdings in Walmart were worth $7,178,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sherman Asset Management Inc. purchased a new stake in Walmart in the fourth quarter worth $677,000. Onefund LLC lifted its stake in Walmart by 2.9% in the fourth quarter. Onefund LLC now owns 11,730 shares of the retailer’s stock worth $1,060,000 after acquiring an additional 327 shares during the period. Nixon Peabody Trust Co. lifted its stake in Walmart by 1.4% in the fourth quarter. Nixon Peabody Trust Co. now owns 198,763 shares of the retailer’s stock worth $17,958,000 after acquiring an additional 2,761 shares during the period. Middleton & Co. Inc. MA lifted its stake in Walmart by 1.4% in the fourth quarter. Middleton & Co. Inc. MA now owns 10,211 shares of the retailer’s stock worth $923,000 after acquiring an additional 140 shares during the period. Finally, Flaharty Asset Management LLC lifted its stake in Walmart by 88.2% in the fourth quarter. Flaharty Asset Management LLC now owns 6,226 shares of the retailer’s stock worth $563,000 after acquiring an additional 2,917 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of Walmart 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 transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at $34,691,507.55. The trade was a 0.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of Walmart stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,777 shares of company stock valued at $17,934,726. Insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.9 %

Walmart stock opened at $98.65 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $58.20 and a one year high of $105.30. The stock has a market capitalization of $792.52 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55. The business’s fifty day moving average is $95.90 and its 200 day moving average is $87.58.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current 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 given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.95%. Walmart’s payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WMT. Wells Fargo & Company raised their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Stifel Nicolaus increased their price objective on Walmart from $89.00 to $94.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. KeyCorp increased their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Robert W. Baird increased their price objective on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart currently has an average rating of “Buy” and an average price target of $103.07.

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.