Enhancing Capital LLC Buys Shares of 16,500 Walmart Inc. (NYSE:WMT)

Enhancing Capital LLC bought a new stake in Walmart Inc. (NYSE:WMTFree Report) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,500 shares of the retailer’s stock, valued at approximately $1,491,000. Walmart makes up about 1.2% of Enhancing Capital LLC’s portfolio, making the stock its 28th largest position.

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

Walmart Stock Up 2.6 %

Shares of Walmart stock opened at $87.54 on Tuesday. 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 has a fifty day simple moving average of $95.67 and a 200 day simple moving average of $88.88. The stock has a market cap of $703.21 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMTGet Free Report) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. 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 1.07%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. This represents a 0.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the company’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 owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,777 shares of company stock valued at $17,657,316. Company insiders own 45.58% of the company’s stock.

Analyst Upgrades and Downgrades

WMT has been the topic of several recent research reports. Bank of America lifted their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Walmart in a research report on Monday, February 24th. BMO Capital Markets raised their target price on Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Barclays restated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One equities 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $103.20.

View Our Latest Stock Report on WMT

About Walmart

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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