Prestige Wealth Management Group LLC Acquires 744 Shares of Walmart Inc. (NYSE:WMT)

Prestige Wealth Management Group LLC raised its holdings in Walmart Inc. (NYSE:WMT) by 2.8% in the 4th quarter, HoldingsChannel reports. The firm owned 27,545 shares of the retailer’s stock after purchasing an additional 744 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Walmart were worth $2,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brophy Wealth Management LLC bought a new stake in Walmart during the 3rd quarter worth about $2,072,000. Candriam S.C.A. lifted its position in shares of Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire grew its stake in shares of Walmart by 13.7% during the fourth quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after purchasing an additional 5,786 shares during the last quarter. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after purchasing an additional 9,292 shares in the last quarter. Finally, Iowa State Bank raised its position in Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock worth $2,422,000 after purchasing an additional 18,263 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’s 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 directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 189,777 shares of company stock worth $18,001,116 in the last quarter. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 1.8 %

NYSE:WMT opened at $87.56 on Tuesday. The company has a market cap of $701.92 billion, a PE ratio of 36.33, a PEG ratio of 4.42 and a beta of 0.53. The stock has a 50-day simple moving average of $95.12 and a 200 day simple moving average of $89.19. 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 52-week low of $58.56 and a 52-week high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. Walmart’s dividend payout ratio is 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of several research reports. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. KeyCorp lifted their price objective on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Royal Bank of Canada cut their price objective on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. Two investment 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. Based on data from MarketBeat.com, Walmart has a consensus rating of “Moderate Buy” and an average target price of $103.17.

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.