2,299 Shares in Walmart Inc. (NYSE:WMT) Bought by Millington Financial Advisors LLC

Millington Financial Advisors LLC purchased a new stake in Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,299 shares of the retailer’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Swedbank AB lifted its position in shares of Walmart by 0.4% in the 3rd quarter. Swedbank AB now owns 5,345,293 shares of the retailer’s stock worth $431,632,000 after acquiring an additional 18,644 shares during the period. NorthCrest Asset Manangement LLC lifted its position in Walmart by 28.6% in the third quarter. NorthCrest Asset Manangement LLC now owns 10,221 shares of the retailer’s stock worth $825,000 after purchasing an additional 2,272 shares during the period. Amarillo National Bank boosted its stake in Walmart by 0.9% during the third quarter. Amarillo National Bank now owns 84,982 shares of the retailer’s stock worth $6,862,000 after buying an additional 779 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Walmart by 7.1% during the third quarter. Capital Advisors Ltd. LLC now owns 4,123 shares of the retailer’s stock worth $333,000 after buying an additional 274 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in Walmart by 7.5% in the 3rd quarter. Financial Management Professionals Inc. now owns 5,232 shares of the retailer’s stock valued at $422,000 after buying an additional 363 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WMT has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Walmart from $113.00 to $112.00 and set a “buy” rating for the company in a report on Friday. Guggenheim reaffirmed a “buy” rating and set a $100.00 price objective on shares of Walmart in a report on Monday. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 20th. Truist Financial raised their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company upped their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and a consensus price target of $102.43.

Insiders Place Their Bets

In other news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction on Wednesday, November 27th. The stock was purchased at an average price of $91.81 per share, for a total transaction of $499,997.26. Following the acquisition, the director now owns 7,805 shares in the company, valued at approximately $716,577.05. This trade represents a 230.86 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s 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 completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 194,377 shares of company stock worth $18,231,904. Company insiders own 45.58% of the company’s stock.

Walmart Trading Down 1.2 %

NYSE:WMT opened at $93.64 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $752.21 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 4.42 and a beta of 0.55. The business’s 50-day moving average price is $95.60 and its two-hundred day moving average price is $86.89. Walmart Inc. has a 1-year low of $58.18 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during 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%. On average, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors 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 yield of 1.00%. Walmart’s payout ratio is 39.00%.

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.