Drucker Wealth 3.0 LLC Increases Stake in Walmart Inc. (NYSE:WMT)

Drucker Wealth 3.0 LLC raised its position in Walmart Inc. (NYSE:WMT) by 26.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,203 shares of the retailer’s stock after purchasing an additional 1,075 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Walmart were worth $470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WMT. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter valued at $25,000. Horizon Financial Services LLC lifted its holdings in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares in the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the 4th quarter valued at $27,000. Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter valued at $37,000. Finally, Mizuho Bank Ltd. purchased a new position in Walmart in the 4th quarter valued at $41,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

NYSE WMT opened at $96.49 on Friday. The company has a market cap of $772.00 billion, a P/E ratio of 40.04, a P/E/G ratio of 4.42 and a beta of 0.70. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The stock has a 50-day moving average of $92.33 and a two-hundred day moving average of $92.90. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $165.61 billion during the quarter, compared to the consensus estimate of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. As a group, analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Monday, May 12th will be paid a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, May 9th. Walmart’s payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WMT. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. UBS Group cut their target price on Walmart from $112.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a research note on Monday, February 24th. Piper Sandler raised their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Walmart in a research note on Monday, May 5th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Walmart presently has a consensus rating of “Moderate Buy” and an average price target of $104.94.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,760 shares of Walmart stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the completion of the transaction, the executive vice president now owns 520,275 shares in the company, valued at approximately $49,332,475.50. This trade represents a 0.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $96.95, for a total value of $2,823,571.80. Following the completion of the transaction, the chief executive officer now owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 177,583 shares of company stock worth $16,701,404. 45.58% of the stock is currently owned by company insiders.

Walmart 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.