Walmart Inc. (NYSE:WMT) Shares Bought by Glassman Wealth Services

Glassman Wealth Services raised its position in Walmart Inc. (NYSE:WMT) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,844 shares of the retailer’s stock after buying an additional 334 shares during the quarter. Glassman Wealth Services’ holdings in Walmart were worth $764,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 751,713 shares in the last quarter. Morgan Stanley boosted its position in shares of Walmart by 1.8% during the 3rd quarter. Morgan Stanley now owns 24,087,268 shares of the retailer’s stock worth $3,852,277,000 after purchasing an additional 426,388 shares in the last quarter. Norges Bank purchased a new stake in shares of Walmart during the 4th quarter worth $3,674,652,000. FMR LLC boosted its position in shares of Walmart by 8.5% during the 3rd quarter. FMR LLC now owns 16,873,127 shares of the retailer’s stock worth $2,698,519,000 after purchasing an additional 1,317,729 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Walmart by 4.0% during the 3rd quarter. Northern Trust Corp now owns 14,765,278 shares of the retailer’s stock worth $2,361,411,000 after purchasing an additional 562,256 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director S Robson Walton sold 982,038 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $65.39, for a total transaction of $64,215,464.82. Following the completion of the transaction, the director now directly owns 644,511,850 shares in the company, valued at approximately $42,144,629,871.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director S Robson Walton sold 982,038 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $65.39, for a total transaction of $64,215,464.82. Following the completion of the transaction, the director now directly owns 644,511,850 shares in the company, valued at approximately $42,144,629,871.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Jim C. Walton sold 2,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $58.78, for a total value of $117,560.00. Following the transaction, the insider now owns 656,395,261 shares of the company’s stock, valued at $38,582,913,441.58. The disclosure for this sale can be found here. In the last three months, insiders sold 8,221,033 shares of company stock worth $518,194,888. 46.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Roth Mkm boosted their target price on shares of Walmart from $69.00 to $71.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. BMO Capital Markets boosted their price objective on shares of Walmart from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Bank of America boosted their price objective on shares of Walmart from $67.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. UBS Group boosted their price objective on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, KeyCorp boosted their price objective on shares of Walmart from $63.00 to $75.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Four analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.01.

Walmart Trading Up 0.8 %

WMT traded up $0.54 on Friday, reaching $65.38. 11,795,024 shares of the company’s stock were exchanged, compared to its average volume of 17,962,526. The company has a market cap of $526.84 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 3.77 and a beta of 0.49. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $65.69. The company’s 50 day moving average is $60.73 and its 200-day moving average is $56.85. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.23 and a current ratio of 0.80.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. Walmart’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 EPS. Equities analysts predict that Walmart Inc. will post 2.42 earnings per share for the current year.

Walmart Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. This represents a $0.83 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio (DPR) is currently 35.52%.

Walmart Company Profile

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.