Leslie Global Wealth LLC Boosts Position in Walmart Inc. (NYSE:WMT)

Leslie Global Wealth LLC boosted its position in Walmart Inc. (NYSE:WMT) by 22.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,154 shares of the retailer’s stock after purchasing an additional 568 shares during the period. Leslie Global Wealth LLC’s holdings in Walmart were worth $285,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart during the fourth quarter valued at $25,000. Horizon Financial Services LLC lifted its position in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter valued at approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart during the 4th quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors.

Walmart Stock Performance

NYSE WMT opened at $95.02 on Friday. The business’s 50 day moving average price is $90.58 and its 200-day moving average price is $90.83. Walmart Inc. has a fifty-two week low of $58.58 and a fifty-two week high of $105.30. The company has a market cap of $761.76 billion, a P/E ratio of 39.43, a P/E/G ratio of 4.42 and a beta of 0.69. 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 (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 2.85% and a return on equity of 21.87%. Sell-side analysts predict that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Mizuho started coverage on Walmart in a research note on Friday, April 11th. They set an “outperform” rating and a $105.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Insiders Place Their Bets

In related news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $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 a total of 140,533 shares of company stock valued at $13,241,740 over the last 90 days. Insiders own 45.58% of the company’s stock.

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.