Northwest Quadrant Wealth Management LLC Buys New Position in Walmart Inc. (NYSE:WMT)

Northwest Quadrant Wealth Management LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,914 shares of the retailer’s stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FPC Investment Advisory Inc. bought a new stake in shares of Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC boosted its holdings in Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares in the last quarter. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter worth approximately $27,000. Decker Retirement Planning Inc. bought a new position in Walmart in the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart in the fourth quarter worth approximately $37,000. Institutional investors own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Walmart in a report on Monday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Walmart in a report on Monday, May 5th. Finally, Stifel Nicolaus cut their price target on Walmart from $93.00 to $91.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $103.94.

Insiders Place Their Bets

In other Walmart news, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $97.37, for a total value of $214,214.00. Following the completion of the sale, the executive vice president now directly owns 632,718 shares of the company’s stock, valued at $61,607,751.66. This trade represents a 0.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $94.19, for a total value of $2,743,189.56. Following the completion of the sale, the chief executive officer now directly owns 4,480,347 shares of the company’s stock, valued at $422,003,883.93. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 133,857 shares of company stock valued at $12,444,743 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of Walmart stock opened at $95.86 on Wednesday. The business’s fifty day simple moving average is $90.70 and its 200 day simple moving average is $92.16. The firm has a market capitalization of $766.97 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 4.42 and a beta of 0.70. Walmart Inc. has a 12 month low of $59.44 and a 12 month high of $105.30. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40.

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

Walmart Dividend Announcement

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

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.