Capital Wealth Planning LLC Buys 632,877 Shares of Walmart Inc. (NYSE:WMT)

Capital Wealth Planning LLC increased its stake in shares of Walmart Inc. (NYSE:WMT) by 29.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,750,067 shares of the retailer’s stock after purchasing an additional 632,877 shares during the quarter. Walmart accounts for approximately 5.0% of Capital Wealth Planning LLC’s holdings, making the stock its 7th biggest position. Capital Wealth Planning LLC owned approximately 0.10% of Walmart worth $433,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Seven Mile Advisory raised its stake in shares of Walmart by 1.6% during the 3rd quarter. Seven Mile Advisory now owns 3,953 shares of the retailer’s stock worth $632,000 after buying an additional 61 shares during the last quarter. Flynn Zito Capital Management LLC raised its position in Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock worth $258,000 after acquiring an additional 61 shares during the last quarter. ICW Investment Advisors LLC lifted its holdings in shares of Walmart by 0.4% in the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares in the last quarter. Bill Few Associates Inc. grew its position in shares of Walmart by 1.1% in the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the last quarter. Finally, Gateway Advisory LLC increased its stake in shares of Walmart by 4.1% during the 3rd quarter. Gateway Advisory LLC now owns 1,643 shares of the retailer’s stock worth $263,000 after purchasing an additional 65 shares in the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 7.0 %

Shares of NYSE WMT traded up $4.17 during trading on Thursday, reaching $64.00. 58,447,231 shares of the stock were exchanged, compared to its average volume of 18,661,477. The company has a market capitalization of $515.72 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 3.94 and a beta of 0.49. The business’s 50-day moving average price is $60.17 and its 200 day moving average price is $56.36. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. Walmart Inc. has a twelve month low of $48.34 and a twelve month high of $64.42.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $161.50 billion during the quarter, compared to analysts’ expectations of $159.57 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. 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 company posted $0.49 EPS. As a group, equities analysts forecast that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.2075 per share. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a yield of 1.30%. Walmart’s dividend payout ratio (DPR) is presently 43.46%.

Insiders Place Their Bets

In other news, Director S Robson Walton sold 14,685,327 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $58.61, for a total transaction of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares of the company’s stock, valued at $38,473,631,458.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP David Chojnowski sold 10,950 shares of Walmart stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $58.33, for a total value of $638,750.00. Following the completion of the transaction, the senior vice president now owns 104,346 shares in the company, valued at approximately $6,086,850. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director S Robson Walton sold 14,685,327 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $58.61, for a total value of $860,755,966.56. Following the completion of the sale, the director now owns 656,397,261 shares of the company’s stock, valued at $38,473,631,458.08. The disclosure for this sale can be found here. Insiders have sold 29,019,140 shares of company stock worth $1,696,045,631 in the last three months. 46.51% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on WMT. Telsey Advisory Group reissued an “outperform” rating and set a $68.00 price target on shares of Walmart in a research report on Friday, May 10th. Evercore ISI boosted their target price on shares of Walmart from $66.00 to $67.00 and gave the company an “outperform” rating in a research note on Tuesday. Oppenheimer reduced their target price on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. StockNews.com upgraded shares of Walmart from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 21st. Finally, Stifel Europe upped their price objective on shares of Walmart from $56.33 to $58.33 in a research note on Friday, February 16th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.97.

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.