Burt Wealth Advisors Purchases 1,483 Shares of Walmart Inc. (NYSE:WMT)

Burt Wealth Advisors boosted its holdings in Walmart Inc. (NYSE:WMT) by 17.0% during the 4th quarter, Holdings Channel reports. The firm owned 10,195 shares of the retailer’s stock after acquiring an additional 1,483 shares during the period. Burt Wealth Advisors’ holdings in Walmart were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. bought a new position in Walmart in the 4th quarter valued at $25,000. Peterson Financial Group Inc. purchased a new position in Walmart in the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart in the fourth quarter worth about $32,000. Finally, Hara Capital LLC purchased a new position in shares of Walmart during the third quarter valued at approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the sale, the executive vice president now owns 566,794 shares of the company’s stock, valued at approximately $52,485,124.40. This trade represents a 2.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value 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. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by insiders.

Walmart Stock Down 1.1 %

WMT opened at $97.49 on Tuesday. Walmart Inc. has a twelve month low of $58.40 and a twelve month high of $105.30. The firm has a 50 day moving average price of $96.04 and a 200-day moving average price of $87.88. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $783.17 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 4.42 and a beta of 0.55.

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

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 0.96%. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WMT. Truist Financial raised their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. KeyCorp raised their price target on Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, February 21st. BMO Capital Markets upped 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. Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Sanford C. Bernstein lifted their target price on Walmart from $98.00 to $102.00 and gave the stock an “outperform” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $103.07.

Walmart Company 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.