Prosperity Consulting Group LLC Has $4.14 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

Prosperity Consulting Group LLC boosted its stake in Walmart Inc. (NYSE:WMT) by 2.0% in the fourth quarter, HoldingsChannel reports. The firm owned 45,785 shares of the retailer’s stock after acquiring an additional 909 shares during the period. Prosperity Consulting Group LLC’s holdings in Walmart were worth $4,137,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. World Investment Advisors lifted its holdings in Walmart by 7.6% during the fourth quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock worth $24,532,000 after acquiring an additional 19,233 shares in the last quarter. Candriam S.C.A. grew its position in Walmart by 209.7% in the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock valued at $79,960,000 after purchasing an additional 599,257 shares in the last quarter. Bank of New Hampshire increased its stake in Walmart by 13.7% in the 4th quarter. Bank of New Hampshire now owns 47,949 shares of the retailer’s stock valued at $4,332,000 after buying an additional 5,786 shares during the last quarter. Modera Wealth Management LLC lifted its position in Walmart by 4.8% during the 4th quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after buying an additional 9,292 shares in the last quarter. Finally, Iowa State Bank grew its holdings in shares of Walmart by 213.8% in the 4th quarter. Iowa State Bank now owns 26,807 shares of the retailer’s stock valued at $2,422,000 after acquiring an additional 18,263 shares in the last quarter. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total value of $2,823,571.80. Following the sale, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. This represents a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,533 shares of company stock worth $13,241,740. Insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Tuesday, February 25th. Mizuho initiated coverage on Walmart in a research report on Friday, April 11th. They issued an “outperform” rating and a $105.00 price objective for the company. StockNews.com downgraded Walmart from a “buy” rating to a “hold” rating in a report on Thursday, April 17th. Piper Sandler upped their price objective on shares of Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Raymond James cut their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart has an average rating of “Moderate Buy” and a consensus target price of $103.58.

Walmart Stock Performance

Shares of WMT opened at $95.02 on Friday. The stock has a market capitalization of $761.76 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm’s fifty day simple moving average is $90.58 and its two-hundred day simple moving average is $90.76. Walmart Inc. has a 12 month low of $58.58 and a 12 month high of $105.30.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, 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. Shareholders of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.99%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.