Austin Wealth Management LLC Has $402,000 Stock Holdings in Walmart Inc. (NYSE:WMT)

Austin Wealth Management LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 11.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,377 shares of the retailer’s stock after purchasing an additional 458 shares during the quarter. Austin Wealth Management LLC’s holdings in Walmart were worth $402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of WMT. FPC Investment Advisory Inc. bought a new stake in Walmart in the 4th quarter valued at approximately $25,000. Fiduciary Advisors Inc. bought a new stake in Walmart in the 4th quarter valued at approximately $27,000. Peterson Financial Group Inc. bought a new stake in Walmart in the 3rd quarter valued at approximately $26,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new stake in shares of Walmart during the 4th quarter worth approximately $37,000. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on WMT shares. Truist Financial upped their price objective on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Citigroup restated a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Sanford C. Bernstein increased their price target on Walmart from $98.00 to $102.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Walmart in a report on Monday, February 24th. One research 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 MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $103.20.

Walmart Stock Down 0.4 %

Shares of NYSE:WMT opened at $87.44 on Wednesday. The stock has a market cap of $702.40 billion, a price-to-earnings ratio of 36.28, 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 Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The business’s 50 day moving average is $96.07 and its 200 day moving average is $88.61.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion for 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%. On average, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued 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 1.08%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value 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. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’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 sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by company insiders.

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.