Full Sail Capital LLC Increases Position in Walmart Inc. (NYSE:WMT)

by · The Cerbat Gem

Full Sail Capital LLC lifted its holdings in shares of Walmart Inc. (NYSE:WMT – Free Report) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,702 shares of the retailer’s stock after buying an additional 541 shares during the period. Full Sail Capital LLC’s holdings in Walmart were worth $786,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WMT. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Walmart by 1.7% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer’s stock valued at $538,000 after purchasing an additional 98 shares in the last quarter. Coyle Financial Counsel LLC increased its position in shares of Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock worth $310,000 after acquiring an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. raised its holdings in shares of Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after acquiring an additional 103 shares during the period. Blackston Financial Advisory Group LLC boosted its stake in Walmart by 0.7% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock worth $1,417,000 after purchasing an additional 106 shares during the period. Finally, Van Strum & Towne Inc. lifted its holdings in shares of Walmart by 1.6% in the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock valued at $619,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Walmart Price Performance

WMT stock opened at $96.78 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $90.66 and its 200 day simple moving average is $91.91. Walmart Inc. has a 12-month low of $59.44 and a 12-month high of $105.30. The firm has a market cap of $774.33 billion, a price-to-earnings ratio of 40.16, a PEG ratio of 4.42 and a beta of 0.70.

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

Walmart Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Investors of record on Monday, May 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 0.95%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $94.42, for a total value of $1,661,792.00. Following the transaction, the executive vice president now directly owns 348,357 shares of the company’s stock, valued at $32,891,867.94. The trade was a 4.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,857 shares of company stock valued at $12,444,743. Company insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on WMT. Roth Mkm reiterated a “buy” rating and set a $108.00 price objective (up from $97.00) on shares of Walmart in a report on Friday, February 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, February 25th. Truist Financial reduced their price target on Walmart from $111.00 to $107.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $103.94.

Check Out Our Latest Research Report on Walmart

Walmart Profile

(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.

Further Reading

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