SVB Wealth LLC Acquires New Holdings in Walmart Inc. (NYSE:WMT)

SVB Wealth LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 220,832 shares of the retailer’s stock, valued at approximately $19,952,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coyle Financial Counsel LLC increased its stake in shares of Walmart by 3.1% in the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after purchasing an additional 102 shares during the period. SC&H Financial Advisors Inc. grew its holdings in Walmart by 1.0% in the 4th quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock valued at $924,000 after buying an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC grew its holdings in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after buying an additional 106 shares during the last quarter. Scarborough Advisors LLC increased its position in Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock worth $505,000 after buying an additional 109 shares during the period. Finally, Dakota Community Bank & Trust NA lifted its holdings in shares of Walmart by 4.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 2,879 shares of the retailer’s stock worth $260,000 after buying an additional 110 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $92.47, for a total value of $277,410.00. Following the completion of the transaction, the executive vice president now directly owns 375,165 shares of the company’s stock, valued at approximately $34,691,507.55. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,777 shares of company stock worth $17,934,726 in the last 90 days. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on WMT shares. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price target on Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Walmart has a consensus rating of “Buy” and an average target price of $103.07.

Walmart Stock Performance

NYSE WMT opened at $98.65 on Friday. Walmart Inc. has a 1-year low of $58.20 and a 1-year high of $105.30. The company has a 50 day moving average of $95.90 and a 200-day moving average of $87.44. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $792.52 billion, a price-to-earnings ratio of 40.94, a PEG ratio of 4.42 and a beta of 0.55.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $178.83 billion. On average, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.95%. Walmart’s dividend payout ratio is 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.