4,692 Shares in Walmart Inc. (NYSE:WMT) Purchased by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,692 shares of the retailer’s stock, valued at approximately $424,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WMT. Meeder Advisory Services Inc. raised its stake in Walmart by 5.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 85,118 shares of the retailer’s stock valued at $7,690,000 after purchasing an additional 4,248 shares during the period. Groupama Asset Managment boosted its position in Walmart by 91.9% during the 4th quarter. Groupama Asset Managment now owns 798,837 shares of the retailer’s stock worth $72,351,000 after acquiring an additional 382,629 shares during the period. Trexquant Investment LP grew its stake in Walmart by 710.3% during the 4th quarter. Trexquant Investment LP now owns 495,085 shares of the retailer’s stock valued at $44,731,000 after acquiring an additional 433,983 shares in the last quarter. May Hill Capital LLC acquired a new position in shares of Walmart in the 4th quarter valued at about $756,000. Finally, Centric Wealth Management lifted its position in shares of Walmart by 158.6% in the fourth quarter. Centric Wealth Management now owns 22,378 shares of the retailer’s stock worth $2,022,000 after purchasing an additional 13,724 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors and hedge funds.

Walmart Price Performance

NYSE:WMT opened at $88.70 on Wednesday. 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 stock has a market cap of $711.10 billion, a P/E ratio of 36.81, a PEG ratio of 4.42 and a beta of 0.53. The company has a fifty day moving average price of $94.45 and a 200 day moving average price of $89.51. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

Walmart (NYSE:WMT) last released its earnings results 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 net margin of 2.85% and a return on equity of 21.87%. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The company also recently disclosed 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 1.06%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WMT. Evercore ISI lowered their price objective on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada lowered their price target on shares of Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a report on Friday, February 21st. UBS Group reaffirmed a “buy” rating on shares of Walmart in a research note on Friday, February 28th. Roth Mkm reissued a “buy” rating and set a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

Insider Activity at Walmart

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total value of $2,493,888.12. Following the completion of the sale, the chief executive officer now owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 176,652 shares of company stock worth $16,590,028. 45.58% of the stock is owned by corporate 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.