Walmart Inc. (NYSE:WMT) Position Boosted by Belpointe Asset Management LLC

Belpointe Asset Management LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,482 shares of the retailer’s stock after purchasing an additional 4,190 shares during the period. Belpointe Asset Management LLC’s holdings in Walmart were worth $3,929,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. acquired a new position in Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC grew its holdings in shares of Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. acquired a new position in shares of Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the fourth quarter worth $32,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of Walmart during the fourth quarter worth $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

NYSE:WMT opened at $92.81 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm’s 50-day moving average is $92.43 and its 200-day moving average is $89.95. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The company has a market cap of $744.03 billion, a price-to-earnings ratio of 38.51, a PEG ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last issued its quarterly 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.01%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Robert W. Baird raised their price objective on shares of Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Erste Group Bank downgraded shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, StockNews.com lowered shares of Walmart from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Three analysts have 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 data from MarketBeat.com, Walmart currently has an average rating of “Moderate Buy” and an average target price of $103.58.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at $52,859,472.96. This represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock worth $16,785,080 over the last 90 days. Corporate insiders own 45.58% of the company’s stock.

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.