Power Wealth Management LLC Acquires Shares of 4,047 Walmart Inc. (NYSE:WMT)

Power Wealth Management LLC bought a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,047 shares of the retailer’s stock, valued at approximately $638,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of Walmart by 15,371.4% in the fourth quarter. International Assets Investment Management LLC now owns 3,511,225 shares of the retailer’s stock valued at $553,545,000 after purchasing an additional 3,488,530 shares in the last quarter. Barclays PLC raised its position in Walmart by 46.1% in the 3rd quarter. Barclays PLC now owns 4,491,137 shares of the retailer’s stock valued at $718,271,000 after buying an additional 1,416,359 shares during the last quarter. FMR LLC lifted its stake in Walmart by 8.5% during the 3rd quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock valued at $2,698,519,000 after acquiring an additional 1,317,729 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Walmart by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 137,214,807 shares of the retailer’s stock worth $21,944,764,000 after acquiring an additional 751,713 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of Walmart by 161.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,157,620 shares of the retailer’s stock worth $182,499,000 after acquiring an additional 715,125 shares in the last quarter. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the transaction, the chief executive officer now directly owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Walmart news, Director S Robson Walton sold 5,816,175 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the completion of the transaction, the director now owns 677,052,654 shares of the company’s stock, valued at $39,237,458,141.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the sale, the chief executive officer now directly owns 4,076,892 shares in the company, valued at $236,187,943.20. The disclosure for this sale can be found here. Insiders sold 29,019,140 shares of company stock valued at $1,696,045,631 in the last three months. 46.51% of the stock is currently owned by insiders.

Walmart Price Performance

WMT stock traded up $0.11 during midday trading on Friday, reaching $59.82. The stock had a trading volume of 14,207,397 shares, compared to its average volume of 13,769,110. The company’s fifty day simple moving average is $60.06 and its 200 day simple moving average is $55.99. The company has a current ratio of 0.83, a quick ratio of 0.24 and a debt-to-equity ratio of 0.46. The company has a market cap of $482.03 billion, a price-to-earnings ratio of 31.26, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49. Walmart Inc. has a 52-week low of $48.34 and a 52-week high of $61.65.

Walmart (NYSE:WMT) last released its quarterly earnings data on Tuesday, February 20th. The retailer reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The company had revenue of $173.40 billion during the quarter, compared to the consensus estimate of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. Walmart’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, sell-side analysts predict that Walmart Inc. will post 2.36 earnings per share for the current fiscal year.

Walmart Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s payout ratio is currently 43.38%.

Wall Street Analysts Forecast Growth

WMT has been the topic of a number of recent analyst reports. Tigress Financial raised their price target on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. StockNews.com upgraded Walmart from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 21st. Evercore ISI decreased their price target on Walmart from $67.00 to $66.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price objective on Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Finally, Morgan Stanley decreased their target price on Walmart to $66.67 and set an “overweight” rating for the company in a research report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.75.

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.