Walmart Inc. (NYSE:WMT) Shares Acquired by Enterprise Financial Services Corp

Enterprise Financial Services Corp lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,876 shares of the retailer’s stock after purchasing an additional 3,593 shares during the period. Walmart makes up about 1.3% of Enterprise Financial Services Corp’s holdings, making the stock its 13th biggest position. Enterprise Financial Services Corp’s holdings in Walmart were worth $2,248,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Walmart during the fourth quarter valued at $2,306,627,000. Jennison Associates LLC raised its position in Walmart by 479.6% during the third quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC raised its position in Walmart by 12.9% during the third quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Bank of New York Mellon Corp raised its position in Walmart by 14.0% during the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer’s stock valued at $2,893,079,000 after buying an additional 3,927,173 shares during the period. Finally, Geode Capital Management LLC raised its position in Walmart by 3.3% during the third quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after buying an additional 2,786,061 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at approximately $41,956,404.35. This represents a 0.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock valued at $17,657,316 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $91.68 on Friday. The business has a 50 day moving average price of $96.19 and a 200 day moving average price of $88.35. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30. The company has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53. 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 (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during 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%. Research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.03%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a research note on Friday, February 28th. Guggenheim restated a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $103.07.

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.