Walmart Inc. (NYSE:WMT) Shares Bought by Arvest Investments Inc.

Arvest Investments Inc. grew its stake in Walmart Inc. (NYSE:WMT) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,178 shares of the retailer’s stock after purchasing an additional 715 shares during the period. Arvest Investments Inc.’s holdings in Walmart were worth $4,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth about $32,000. Noble Wealth Management PBC acquired a new position in Walmart in the 4th quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Walmart in the 3rd quarter valued at approximately $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Truist Financial upped their price objective on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Bank of America raised their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus boosted their price target on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Finally, UBS Group reaffirmed a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Walmart presently has a consensus rating of “Moderate Buy” and an average target price of $103.20.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.15, for a total transaction of $1,261,968.75. Following the sale, the executive vice president now owns 460,672 shares in the company, valued at approximately $44,293,612.80. The trade was a 2.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now owns 3,558,247 shares in the company, valued at $344,972,046.65. This trade represents a 0.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 185,777 shares of company stock worth $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Walmart Stock Up 0.9 %

Shares of NYSE WMT opened at $86.36 on Thursday. The company has a market capitalization of $693.80 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The business has a 50-day moving average of $95.45 and a two-hundred day moving average of $88.92. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30.

Walmart (NYSE:WMT) last posted its 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 analysts’ expectations of $178.83 billion. On average, analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 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.