Shufro Rose & Co. LLC Buys 1,440 Shares of Walmart Inc. (NYSE:WMT)

Shufro Rose & Co. LLC increased its stake in Walmart Inc. (NYSE:WMT) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,147 shares of the retailer’s stock after purchasing an additional 1,440 shares during the period. Shufro Rose & Co. LLC’s holdings in Walmart were worth $1,097,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. World Investment Advisors increased its position in shares of Walmart by 7.6% in 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. increased its position in shares of Walmart by 209.7% in 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 shares of Walmart by 4.8% in the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock worth $18,355,000 after purchasing an additional 9,292 shares during the last quarter. Cushing Capital Partners LLC bought a new position in shares of Walmart in the fourth quarter worth approximately $1,124,000. Finally, Campbell Wealth Management bought a new position in shares of Walmart in the fourth quarter worth approximately $359,000. 26.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,148 shares of the firm’s stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $96.58, for a total transaction of $2,815,113.84. Following the completion of the transaction, the chief executive officer now directly owns 4,451,199 shares in the company, valued at $429,896,799.42. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $96.15, for a total value of $1,261,968.75. Following the transaction, the executive vice president now owns 460,672 shares of the company’s stock, valued at $44,293,612.80. The trade was a 2.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 177,583 shares of company stock worth $16,701,404. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Performance

Shares of WMT stock opened at $96.49 on Friday. The stock has a fifty day moving average of $92.33 and a 200 day moving average of $92.97. Walmart Inc. has a 52 week low of $64.16 and a 52 week high of $105.30. The firm has a market capitalization of $772.00 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 4.42 and a beta of 0.70. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last posted its quarterly earnings data on Thursday, May 15th. The retailer reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business 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%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.60 earnings per share. As a group, research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

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

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Walmart in a research report on Monday, February 24th. Evercore ISI reduced their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Truist Financial increased their price target on shares of Walmart from $107.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Finally, Raymond James reduced their price target on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Two 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 a consensus rating of “Moderate Buy” and an average target price of $104.94.

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.