Anchor Pointe Wealth Management LLC Acquires New Holdings in Walmart Inc. (NYSE:WMT)

Anchor Pointe Wealth Management LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,911 shares of the retailer’s stock, valued at approximately $535,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. World Investment Advisors increased its position in Walmart by 7.6% in the 4th quarter. World Investment Advisors now owns 271,515 shares of the retailer’s stock valued at $24,532,000 after acquiring an additional 19,233 shares during the period. Candriam S.C.A. grew its stake 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 in the last quarter. Modera Wealth Management LLC increased its holdings in shares of Walmart by 4.8% during the fourth quarter. Modera Wealth Management LLC now owns 203,150 shares of the retailer’s stock valued at $18,355,000 after purchasing an additional 9,292 shares during the period. Cushing Capital Partners LLC bought a new stake in shares of Walmart during the fourth quarter valued at about $1,124,000. Finally, Campbell Wealth Management acquired a new stake in Walmart in the fourth quarter worth about $359,000. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the sale, the chief executive officer now directly owns 3,972,517 shares in the company, valued at approximately $340,166,630.71. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathryn J. Mclay sold 28,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $97.00, for a total transaction of $2,716,000.00. Following the completion of the transaction, the executive vice president now owns 1,064,455 shares in the company, valued at approximately $103,252,135. This represents a 2.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 177,583 shares of company stock worth $16,701,404 in the last 90 days. Company insiders own 45.58% of the company’s stock.

Walmart Trading Up 1.2%

NYSE WMT opened at $97.52 on Wednesday. The firm’s 50 day moving average price is $92.77 and its two-hundred day moving average price is $93.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. Walmart Inc. has a twelve month low of $64.16 and a twelve month high of $105.30. The stock has a market cap of $780.25 billion, a price-to-earnings ratio of 40.46, a PEG ratio of 4.42 and a beta of 0.70.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Walmart’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share. Equities analysts anticipate that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Monday, May 12th were paid a dividend of $0.235 per share. The ex-dividend date was Friday, May 9th. This represents a yield of 0.95%. Walmart’s dividend payout ratio (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

WMT has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Walmart from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their target price on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. Finally, Robert W. Baird lifted their price target on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.94.

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.