Glassman Wealth Services Has $764,000 Stake in Walmart Inc. (NYSE:WMT)

Glassman Wealth Services grew its holdings in Walmart Inc. (NYSE:WMTFree Report) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,844 shares of the retailer’s stock after acquiring an additional 334 shares during the period. Glassman Wealth Services’ holdings in Walmart were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new stake in Walmart during the 3rd quarter worth approximately $25,000. Partnership Wealth Management LLC acquired a new position in Walmart in the 4th quarter valued at $30,000. Signature Resources Capital Management LLC acquired a new position in Walmart in the 4th quarter valued at $35,000. Tidemark LLC acquired a new position in Walmart in the 4th quarter valued at $37,000. Finally, Kepos Capital LP acquired a new position in Walmart in the 3rd quarter valued at $40,000. 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 company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $65.39, for a total value of $64,215,464.82. Following the completion of the transaction, the director now directly owns 644,511,850 shares of the company’s stock, valued at $42,144,629,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director S Robson Walton sold 982,038 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $65.39, for a total value of $64,215,464.82. Following the completion of the transaction, the director now directly owns 644,511,850 shares of the company’s stock, valued at $42,144,629,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Alice L. Walton sold 500,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.39, for a total value of $29,195,000.00. Following the transaction, the insider now directly owns 653,067,261 shares of the company’s stock, valued at $38,132,597,369.79. The disclosure for this sale can be found here. Insiders sold a total of 8,221,033 shares of company stock valued at $518,194,888 over the last three months. Corporate insiders own 46.51% of the company’s stock.

Analyst Ratings Changes

WMT has been the subject of several analyst reports. Truist Financial lifted their price objective on Walmart from $60.00 to $64.00 and gave the company a “hold” rating in a report on Friday, May 17th. JPMorgan Chase & Co. lifted their price target on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a research note on Monday, February 19th. Citigroup lifted their price target on Walmart from $63.33 to $75.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Walmart from $62.00 to $63.33 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Royal Bank of Canada lifted their price target on Walmart from $62.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Four investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $68.01.

Get Our Latest Stock Report on Walmart

Walmart Stock Up 0.8 %

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

Walmart (NYSE:WMTGet Free Report) last posted 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 business had revenue of $161.50 billion for the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a return on equity of 21.57% and a net margin of 2.88%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. As a group, research analysts forecast that Walmart Inc. will post 2.42 EPS for the current year.

Walmart Dividend Announcement

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 issued a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, December 13th. Walmart’s dividend payout ratio is presently 35.52%.

Walmart Profile

(Free Report)

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.

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Want to see what other hedge funds are holding WMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walmart Inc. (NYSE:WMTFree Report).

Institutional Ownership by Quarter for Walmart (NYSE:WMT)

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