Rialto Wealth Management LLC Invests $86,000 in Walmart Inc. (NYSE:WMT)

Rialto Wealth Management LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 954 shares of the retailer’s stock, valued at approximately $86,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Intellectus Partners LLC lifted its stake in shares of Walmart by 11.6% in the 4th quarter. Intellectus Partners LLC now owns 23,596 shares of the retailer’s stock valued at $2,137,000 after purchasing an additional 2,450 shares during the period. Blankinship & Foster LLC bought a new stake in Walmart in the fourth quarter worth approximately $288,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Walmart in the fourth quarter valued at approximately $5,358,000. Machina Capital S.A.S. bought a new position in shares of Walmart during the 4th quarter worth approximately $338,000. Finally, RKL Wealth Management LLC grew its position in shares of Walmart by 0.5% during the 4th quarter. RKL Wealth Management LLC now owns 29,524 shares of the retailer’s stock worth $2,667,000 after buying an additional 142 shares during the period. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the transaction, the executive vice president now directly owns 566,794 shares in the company, valued at approximately $52,485,124.40. The trade was a 2.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last quarter. 45.58% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on WMT. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Roth Mkm restated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. Citigroup reaffirmed a “positive” rating on shares of Walmart in a research note on Thursday, February 20th. Stifel Nicolaus raised their price objective on Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, Robert W. Baird upped their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $103.07.

Walmart Stock Down 3.1 %

WMT opened at $91.68 on Friday. The company’s 50-day moving average price is $96.19 and its two-hundred day moving average price is $88.35. 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 twelve month low of $58.56 and a twelve month high of $105.30. The stock has a market cap of $736.46 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT) last announced its quarterly earnings data 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 analyst estimates of $178.83 billion. As a group, equities analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 yield of 1.03%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.