DeDora Capital Inc. Has $1.50 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

DeDora Capital Inc. grew its position in shares of Walmart Inc. (NYSE:WMT) by 224.1% during the first quarter, HoldingsChannel.com reports. The firm owned 24,979 shares of the retailer’s stock after purchasing an additional 17,272 shares during the period. DeDora Capital Inc.’s holdings in Walmart were worth $1,503,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WMT. Authentikos Wealth Advisory LLC acquired a new stake in shares of Walmart during the third quarter valued at about $25,000. Northwest Capital Management Inc raised its position in shares of Walmart by 199.3% during the first quarter. Northwest Capital Management Inc now owns 440 shares of the retailer’s stock worth $26,000 after acquiring an additional 293 shares during the last quarter. Partnership Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Able Wealth Management LLC bought a new position in shares of Walmart during the fourth quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC bought a new position in shares of Walmart during the fourth quarter worth about $32,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Walmart news, major shareholder Jim C. Walton sold 2,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.78, for a total transaction of $117,560.00. Following the completion of the transaction, the insider now directly owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Jim C. Walton sold 2,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $58.78, for a total value of $117,560.00. Following the completion of the transaction, the insider now directly owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,019,140 shares of company stock valued at $1,696,045,631. Company insiders own 46.51% of the company’s stock.

Walmart Stock Up 0.2 %

NYSE:WMT traded up $0.11 on Friday, hitting $59.82. The stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. Walmart Inc. has a 1 year low of $48.34 and a 1 year high of $61.65. The firm’s fifty day simple moving average is $60.06 and its two-hundred day simple moving average is $55.99. The stock has a market cap of $482.03 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 3.90 and a beta of 0.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.24 and a current ratio of 0.83.

Walmart (NYSE:WMT) last issued its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Walmart had a return on equity of 21.08% and a net margin of 2.39%. The business had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. During the same period last year, the company posted $0.57 earnings per share. Walmart’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts predict that Walmart Inc. will post 2.36 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Investors of record on Friday, December 13th will be issued a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.39%. Walmart’s dividend payout ratio (DPR) is presently 43.38%.

Analysts Set New Price Targets

WMT has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Stifel Europe lifted their target price on Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Tigress Financial lifted their target price on Walmart from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, Oppenheimer lowered their target price on Walmart to $67.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Walmart 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.