Cushing Capital Partners LLC Takes Position in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Cushing Capital Partners LLC acquired a new stake in shares of Walmart Inc. (NYSE:WMT – Free Report) in the fourth quarter, Holdings Channel.com reports. The fund acquired 12,409 shares of the retailer’s stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds also recently modified their holdings of WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter valued at $26,000. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Walmart during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Transactions at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.60, for a total value of $1,215,375.00. Following the transaction, the executive vice president now owns 566,794 shares in the company, valued at $52,485,124.40. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 185,777 shares of company stock worth $17,657,316. Company insiders own 45.58% of the company’s stock.

Walmart Price Performance

NYSE WMT opened at $87.57 on Tuesday. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The stock’s 50-day moving average is $96.13 and its two-hundred day moving average is $88.53. 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 firm has a market cap of $703.46 billion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53.

Walmart (NYSE:WMT – Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price on Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Telsey Advisory Group restated an “outperform” rating on shares of Walmart in a report on Friday, February 28th. Truist Financial increased their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Barclays restated an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Roth Mkm restated a “buy” rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. One investment analyst has 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.com, Walmart has a consensus rating of “Buy” and an average target price of $103.07.

Check Out Our Latest Stock Report on Walmart

About Walmart

(Free Report)

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.

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