DORCHESTER WEALTH MANAGEMENT Co Has $14.43 Million Position in Walmart Inc. (NYSE:WMT)

DORCHESTER WEALTH MANAGEMENT Co lowered its holdings in Walmart Inc. (NYSE:WMT) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 159,710 shares of the retailer’s stock after selling 7,878 shares during the quarter. Walmart makes up 2.9% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 6th biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Walmart were worth $14,430,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. FPC Investment Advisory Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $27,000. Peterson Financial Group Inc. bought a new position in shares of Walmart during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. bought a new position in shares of Walmart during the 4th quarter worth approximately $32,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of Walmart by 77.3% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Walmart Price Performance

Shares of NYSE WMT opened at $94.70 on Friday. 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 52 week low of $57.77 and a 52 week high of $105.30. The firm has a 50-day simple moving average of $95.63 and a 200-day simple moving average of $86.57. The stock has a market capitalization of $760.77 billion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. On average, equities analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is currently 34.44%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Walmart from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Robert W. Baird boosted their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Evercore ISI boosted their target price on shares of Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd. Bank of America boosted their target price on shares of Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, DZ Bank downgraded shares of Walmart from a “buy” rating to a “hold” rating and set a $91.00 target price on the stock. in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average target price of $102.43.

Insider Activity at Walmart

In related news, Director Robert Edward Jr. Moritz bought 5,446 shares of the stock in a transaction on Wednesday, November 27th. The stock was bought at an average price of $91.81 per share, with a total value of $499,997.26. Following the completion of the purchase, the director now directly owns 7,805 shares in the company, valued at $716,577.05. This represents a 230.86 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 176,777 shares of company stock valued at $16,570,112. 45.58% of the stock is owned by company insiders.

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.