Walmart Inc. (NYSE:WMT) Shares Purchased by Truvestments Capital LLC

Truvestments Capital LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,946 shares of the retailer’s stock after acquiring an additional 306 shares during the quarter. Truvestments Capital LLC’s holdings in Walmart were worth $718,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. FPC Investment Advisory Inc. acquired a new position in shares of Walmart in the 4th quarter valued at $25,000. Fiduciary Advisors Inc. acquired a new position in shares of Walmart during the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new position in shares of Walmart during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. acquired a new position in shares of Walmart during the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new position in shares of Walmart during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the sale, the chief executive officer now directly owns 3,785,702 shares of the company’s stock, valued at $349,609,579.70. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated 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 of the company’s stock, 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. In the last ninety days, insiders sold 185,777 shares of company stock valued at $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Walmart Trading Down 0.4 %

Shares of WMT stock opened at $87.44 on Wednesday. The stock has a 50-day simple moving average of $96.07 and a 200 day simple moving average of $88.61. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The stock has a market capitalization of $702.40 billion, a P/E ratio of 36.28, a P/E/G 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 (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is 39.00%.

Wall Street Analyst Weigh In

WMT has been the topic of several recent research reports. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Tuesday, February 25th. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Guggenheim reissued a “buy” rating and issued a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. Finally, Barclays reaffirmed an “overweight” rating on shares of Walmart in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Walmart has an average rating of “Buy” and an average price target of $103.20.

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.