Centric Wealth Management Acquires 777 Shares of Walmart Inc. (NYSE:WMT)

Centric Wealth Management grew its holdings in shares of Walmart Inc. (NYSE:WMT) by 48.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,380 shares of the retailer’s stock after purchasing an additional 777 shares during the quarter. Centric Wealth Management’s holdings in Walmart were worth $401,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Valley Brook Capital Group Inc. raised its stake in shares of Walmart by 4.2% during the fourth quarter. Valley Brook Capital Group Inc. now owns 7,816 shares of the retailer’s stock worth $1,232,000 after acquiring an additional 315 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Walmart by 24.6% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 78,345 shares of the retailer’s stock valued at $12,351,000 after buying an additional 15,448 shares in the last quarter. SeaTown Holdings Pte. Ltd. boosted its stake in Walmart by 26.6% in the 3rd quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock worth $40,398,000 after purchasing an additional 53,000 shares in the last quarter. Capital Wealth Planning LLC boosted its stake in Walmart by 32.5% in the 3rd quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock worth $338,602,000 after purchasing an additional 518,896 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in Walmart by 0.7% in the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock worth $7,751,000 after purchasing an additional 325 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now owns 521,613 shares of the company’s stock, valued at $30,816,896.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP John D. Rainey sold 3,000 shares of Walmart stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the completion of the transaction, the executive vice president now directly owns 521,613 shares in the company, valued at $30,816,896.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $60.03, for a total value of $1,748,313.72. Following the completion of the sale, the chief executive officer now owns 4,018,650 shares in the company, valued at approximately $241,239,559.50. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock valued at $1,696,045,631 over the last quarter. 46.51% of the stock is currently owned by company insiders.

Walmart Stock Down 0.5 %

WMT stock traded down $0.29 during trading on Wednesday, reaching $60.33. 7,487,451 shares of the company traded hands, compared to its average volume of 18,342,713. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $61.65. The business has a 50 day simple moving average of $60.08 and a 200 day simple moving average of $56.12. The company has a market capitalization of $486.14 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The business had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, equities research analysts anticipate that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio is presently 43.38%.

Analyst Ratings Changes

WMT has been the topic of a number of analyst reports. Oppenheimer dropped their price target on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. JPMorgan Chase & Co. boosted their target price on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Tigress Financial boosted their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Stifel Nicolaus reissued a “hold” rating on shares of Walmart in a research report on Wednesday, March 13th. Finally, Morgan Stanley decreased their target price on Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $61.94.

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.