Full Sail Capital LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

Full Sail Capital LLC raised its position in Walmart Inc. (NYSE:WMT) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,702 shares of the retailer’s stock after acquiring an additional 541 shares during the quarter. Full Sail Capital LLC’s holdings in Walmart were worth $786,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC raised its holdings in shares of Walmart by 1.3% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 17,325 shares of the retailer’s stock valued at $1,565,000 after acquiring an additional 226 shares in the last quarter. Watts Gwilliam & Co. LLC raised its holdings in Walmart by 24.7% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 24,260 shares of the retailer’s stock worth $2,203,000 after purchasing an additional 4,806 shares in the last quarter. First International Bank & Trust lifted its position in shares of Walmart by 18.7% in the 4th quarter. First International Bank & Trust now owns 13,681 shares of the retailer’s stock worth $1,236,000 after purchasing an additional 2,159 shares during the period. Avondale Wealth Management boosted its stake in shares of Walmart by 4.2% during the 4th quarter. Avondale Wealth Management now owns 11,150 shares of the retailer’s stock valued at $1,007,000 after purchasing an additional 450 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Walmart by 25.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,910,626 shares of the retailer’s stock valued at $262,975,000 after buying an additional 593,874 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of Walmart stock opened at $96.78 on Friday. The company has a market capitalization of $774.33 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 52 week low of $59.44 and a 52 week high of $105.30. The stock’s fifty day moving average is $90.66 and its two-hundred day moving average is $91.91. 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 issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share 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 business had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. As a group, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th will be issued a $0.235 dividend. This represents a yield of 0.95%. The ex-dividend date is Friday, May 9th. Walmart’s dividend payout ratio is currently 39.00%.

Insider Transactions at Walmart

In related news, 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 completion of the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were 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 approximately $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 three months, insiders have sold 133,857 shares of company stock valued at $12,444,743. Corporate insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on WMT. Robert W. Baird raised their target price on Walmart from $100.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Evercore ISI decreased their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Guggenheim reissued a “buy” rating and set a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $103.94.

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.