Balboa Wealth Partners Has $818,000 Stock Position in Walmart Inc. (NYSE:WMT)

Balboa Wealth Partners boosted its stake in shares of Walmart Inc. (NYSE:WMT) by 4.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,056 shares of the retailer’s stock after purchasing an additional 417 shares during the quarter. Balboa Wealth Partners’ holdings in Walmart were worth $818,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of WMT. Tredje AP fonden raised its holdings in shares of Walmart by 8.6% during the fourth quarter. Tredje AP fonden now owns 2,020,189 shares of the retailer’s stock valued at $182,524,000 after acquiring an additional 160,649 shares during the period. Mascoma Wealth Management LLC boosted its stake in Walmart by 138.8% in the 4th quarter. Mascoma Wealth Management LLC now owns 745 shares of the retailer’s stock worth $67,000 after purchasing an additional 433 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Walmart by 107.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 631,589 shares of the retailer’s stock worth $57,064,000 after purchasing an additional 327,188 shares in the last quarter. Rakuten Securities Inc. raised its stake in Walmart by 88.3% during the 4th quarter. Rakuten Securities Inc. now owns 4,661 shares of the retailer’s stock valued at $421,000 after purchasing an additional 2,186 shares during the period. Finally, Avantax Advisory Services Inc. lifted its holdings in shares of Walmart by 7.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 687,919 shares of the retailer’s stock valued at $62,144,000 after purchasing an additional 48,088 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the sale, the executive vice president now owns 460,672 shares of the company’s stock, valued at $44,293,612.80. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 185,777 shares of company stock valued at $17,657,316. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WMT shares. BMO Capital Markets lifted their price target on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research report on Thursday, February 13th. StockNews.com cut shares of Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $103.20.

Walmart Price Performance

Shares of NYSE:WMT opened at $85.07 on Thursday. 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 business has a 50 day moving average price of $95.96 and a 200 day moving average price of $88.59. The company has a market cap of $683.43 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The company had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Research analysts predict 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 1.10%. Walmart’s 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.