Drucker Wealth 3.0 LLC Boosts Position in Walmart Inc. (NYSE:WMT)

Drucker Wealth 3.0 LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT) by 26.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,203 shares of the retailer’s stock after acquiring an additional 1,075 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Walmart were worth $470,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors lifted its stake 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 purchasing an additional 19,233 shares during the last quarter. Candriam S.C.A. lifted its stake in Walmart by 209.7% during the fourth quarter. Candriam S.C.A. now owns 885,008 shares of the retailer’s stock worth $79,960,000 after purchasing an additional 599,257 shares during the last quarter. Modera Wealth Management LLC increased its position in Walmart by 4.8% during the fourth 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 during the period. Cushing Capital Partners LLC acquired a new position in Walmart during the fourth quarter worth approximately $1,124,000. Finally, Campbell Wealth Management acquired a new position in Walmart during the fourth quarter worth approximately $359,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.6%

Shares of WMT stock opened at $96.49 on Friday. The business’s fifty day moving average price is $92.33 and its 200 day moving average price is $92.90. Walmart Inc. has a 1-year low of $64.16 and a 1-year high of $105.30. The firm has a market capitalization of $772.00 billion, a PE 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.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $165.61 billion for the quarter, compared to analyst estimates of $164.53 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. Walmart’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on WMT shares. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Wall Street Zen raised Walmart from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $102.00 price target on shares of Walmart in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $104.94.

Insider Buying and Selling

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction 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 owns 3,558,247 shares in the company, valued at approximately $344,972,046.65. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 177,583 shares of company stock valued at $16,701,404 over the last quarter. Company insiders own 45.58% of the company’s stock.

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.