RD Lewis Holdings Inc. Takes Position in Walmart Inc. (NYSE:WMT)

RD Lewis Holdings Inc. purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 40,260 shares of the retailer’s stock, valued at approximately $3,637,000. Walmart accounts for approximately 4.2% of RD Lewis Holdings Inc.’s investment portfolio, making the stock its 4th largest holding.

A number of other large investors also recently modified their holdings of WMT. Petra Financial Advisors Inc. acquired a new position in Walmart during the fourth quarter worth about $770,000. BlackDiamond Wealth Management LLC grew its holdings in Walmart by 3.0% during the fourth quarter. BlackDiamond Wealth Management LLC now owns 6,672 shares of the retailer’s stock worth $603,000 after acquiring an additional 193 shares during the period. Primecap Management Co. CA acquired a new position in Walmart during the fourth quarter worth about $6,072,000. Axxcess Wealth Management LLC grew its holdings in Walmart by 1.4% during the fourth quarter. Axxcess Wealth Management LLC now owns 274,246 shares of the retailer’s stock worth $24,778,000 after acquiring an additional 3,799 shares during the period. Finally, Argent Advisors Inc. grew its holdings in Walmart by 27.5% during the fourth quarter. Argent Advisors Inc. now owns 41,972 shares of the retailer’s stock worth $3,792,000 after acquiring an additional 9,052 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value 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. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,777 shares of company stock valued at $17,657,316. 45.58% of the stock is currently owned by company insiders.

Walmart Stock Performance

Shares of NYSE WMT opened at $87.54 on Tuesday. The business has a fifty day simple moving average of $95.67 and a 200 day simple moving average of $88.88. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The firm has a market capitalization of $703.21 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 4.42 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for 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%. Sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Robert W. Baird lifted their target price on Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 20th. TD Cowen lifted their target price on Walmart from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada decreased their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating for the company in a research report on Friday, February 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of “Buy” and an average price target of $103.20.

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.