Cape ANN Savings Bank Grows Stock Position in Walmart Inc. (NYSE:WMT)

Cape ANN Savings Bank raised its holdings in shares of Walmart Inc. (NYSE:WMT) by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,949 shares of the retailer’s stock after acquiring an additional 3,043 shares during the quarter. Cape ANN Savings Bank’s holdings in Walmart were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart during the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in Walmart during the 4th quarter valued at $27,000. Peterson Financial Group Inc. acquired a new stake in Walmart during the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth $32,000. Finally, Voisard Asset Management Group Inc. raised its holdings in shares of Walmart by 77.3% in the third quarter. Voisard Asset Management Group Inc. now owns 399 shares of the retailer’s stock worth $32,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of a number of analyst reports. UBS Group decreased their price objective on Walmart from $113.00 to $112.00 and set a “buy” rating on the stock in a research note on Friday. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 price objective on shares of Walmart in a research report on Friday. KeyCorp raised their target price on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Truist Financial lifted their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.43.

Walmart Price Performance

Shares of NYSE WMT opened at $94.70 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a 1-year low of $57.77 and a 1-year high of $105.30. The company has a market capitalization of $760.77 billion, a price-to-earnings ratio of 39.30, a PEG ratio of 4.42 and a beta of 0.55. The business has a 50-day moving average of $95.63 and a 200-day moving average of $86.71.

Walmart (NYSE:WMT) last released 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 return on equity of 21.87% and a net margin of 2.85%. On average, equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 34.44%.

Insiders Place Their Bets

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $91.44, for a total transaction of $2,663,098.56. Following the completion of the sale, the chief executive officer now directly owns 3,814,805 shares in the company, valued at $348,825,769.20. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 176,777 shares of company stock worth $16,570,112 in the last quarter. 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.