Frank Rimerman Advisors LLC Boosts Stake in Walmart Inc. (NYSE:WMT)

Frank Rimerman Advisors LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,956 shares of the retailer’s stock after buying an additional 201 shares during the period. Frank Rimerman Advisors LLC’s holdings in Walmart were worth $5,146,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth about $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth about $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the third quarter worth about $26,000. Decker Retirement Planning Inc. acquired a new stake in Walmart during the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC acquired a new stake in Walmart during the fourth quarter worth about $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 0.9 %

Shares of Walmart stock opened at $85.29 on Friday. The company has a fifty day simple moving average of $95.74 and a 200-day simple moving average of $88.62. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. 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 stock has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53.

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

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. Walmart’s payout ratio is currently 39.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on WMT shares. BMO Capital Markets raised their price objective 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. Piper Sandler lifted their price target on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Oppenheimer lifted their price target 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. UBS Group reiterated a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Barclays reiterated an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. One analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $103.20.

Insiders Place Their Bets

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the transaction, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their position. The sale was disclosed in a 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 company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $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 quarter, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by insiders.

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.