Walmart Inc. (NYSE:WMT) Position Boosted by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,999 shares of the retailer’s stock after purchasing an additional 1,225 shares during the period. Avidian Wealth Solutions LLC’s holdings in Walmart were worth $2,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. Authentikos Wealth Advisory LLC acquired a new stake in Walmart during the 3rd quarter worth about $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Walmart during the fourth quarter valued at approximately $35,000. Kepos Capital LP purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $40,000. Milestone Investment Advisors LLC acquired a new position in Walmart in the 3rd quarter worth approximately $41,000. Finally, Fortitude Family Office LLC purchased a new position in Walmart during the 4th quarter worth approximately $45,000. 26.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $60.93, for a total value of $21,020,850.00. Following the sale, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Walmart news, major shareholder Alice L. Walton sold 345,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $60.93, for a total value of $21,020,850.00. Following the transaction, the insider now directly owns 652,044,261 shares in the company, valued at $39,729,056,822.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $236,187,943.20. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock worth $1,696,045,631 in the last 90 days. 46.51% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT traded up $0.11 during trading hours on Friday, reaching $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 twelve month low of $48.34 and a twelve month high of $61.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The business’s fifty day moving average is $60.06 and its two-hundred day moving average is $56.02. The company has a market cap of $482.03 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 3.91 and a beta of 0.49.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The company had revenue of $173.40 billion during the quarter, compared to analysts’ expectations of $170.85 billion. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that Walmart Inc. will post 2.36 EPS for the current year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $68.00 target price on shares of Walmart in a research report on Wednesday, March 27th. StockNews.com raised Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Tigress Financial upped their target price on Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley decreased their price target on shares of Walmart to $66.67 and set an “overweight” rating for the company in a report on Monday, February 26th. Finally, Oppenheimer dropped their price objective on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

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.