Broadway Wealth Solutions Inc. Acquires New Shares in Walmart Inc. (NYSE:WMT)

Broadway Wealth Solutions Inc. bought a new stake in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,334 shares of the retailer’s stock, valued at approximately $392,000.

A number of other hedge funds have also recently made changes to their positions in WMT. Coyle Financial Counsel LLC raised its holdings in Walmart by 3.1% in the 4th quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer’s stock valued at $310,000 after buying an additional 102 shares during the last quarter. SC&H Financial Advisors Inc. grew its stake in shares of Walmart by 1.0% in the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer’s stock worth $924,000 after purchasing an additional 103 shares during the last quarter. Blackston Financial Advisory Group LLC increased its holdings in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer’s stock valued at $1,417,000 after purchasing an additional 106 shares during the period. Van Strum & Towne Inc. raised its position in Walmart by 1.6% during the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer’s stock worth $619,000 after purchasing an additional 108 shares during the last quarter. Finally, Scarborough Advisors LLC grew its position in shares of Walmart by 2.0% in the 4th quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer’s stock valued at $505,000 after buying an additional 109 shares during the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the completion of the transaction, the chief executive officer now directly owns 3,766,491 shares of the company’s stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,528 shares of company stock worth $14,096,140. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.5 %

Walmart stock opened at $85.62 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 has a market capitalization of $686.37 billion, a P/E ratio of 35.53, a P/E/G ratio of 4.42 and a beta of 0.53. The firm has a 50 day moving average price of $94.76 and a 200-day moving average price of $89.20. Walmart Inc. has a twelve month low of $58.56 and a twelve month high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. The firm 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%. As a group, equities analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Analyst Ratings Changes

WMT has been the topic of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday, March 20th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

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.