Bogart Wealth LLC Has $7.37 Million Stock Position in Walmart Inc. (NYSE:WMT)

Bogart Wealth LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,757 shares of the retailer’s stock after acquiring an additional 1,837 shares during the quarter. Bogart Wealth LLC’s holdings in Walmart were worth $7,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of WMT. Seven Mile Advisory increased its stake in Walmart by 1.6% in the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock valued at $632,000 after buying an additional 61 shares during the period. Flynn Zito Capital Management LLC increased its stake in shares of Walmart by 3.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC raised its holdings in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock worth $2,436,000 after acquiring an additional 62 shares in the last quarter. Bill Few Associates Inc. boosted its position in Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC boosted its position in Walmart by 4.1% during the third quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock valued at $263,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT traded up $0.18 on Thursday, reaching $60.27. 2,052,934 shares of the stock traded hands, compared to its average volume of 18,196,850. The stock’s 50-day moving average price is $60.08 and its 200-day moving average price is $56.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The firm has a market cap of $485.66 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 3.91 and a beta of 0.49. Walmart Inc. has a 12 month low of $48.34 and a 12 month high of $61.65.

Walmart (NYSE:WMT) last announced its quarterly earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. The firm had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. Equities analysts forecast that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 annualized dividend and a dividend yield of 1.38%. Walmart’s dividend payout ratio is currently 43.38%.

Insider Transactions at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the completion of the transaction, the chief executive officer now directly owns 4,076,892 shares of the company’s stock, valued at $236,187,943.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated 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 owns 4,076,892 shares in the company, valued at approximately $236,187,943.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director S Robson Walton sold 5,816,175 shares of the business’s 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 in the company, valued at $39,237,458,141.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,019,140 shares of company stock valued at $1,696,045,631. Corporate insiders own 46.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on WMT. Telsey Advisory Group reaffirmed an “outperform” rating and set a $68.00 price target on shares of Walmart in a research note on Wednesday, March 27th. StockNews.com raised shares of Walmart from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their target price on shares of Walmart from $54.33 to $58.67 and gave the stock a “neutral” rating in a research report on Monday, February 19th. Evercore ISI cut their price target on shares of Walmart from $67.00 to $66.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Tigress Financial lifted their price objective on shares of Walmart from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.94.

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.