Envision Financial Planning LLC Purchases New Position in Walmart Inc. (NYSE:WMT)

Envision Financial Planning LLC acquired a new position in shares of Walmart Inc. (NYSE:WMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,359 shares of the retailer’s stock, valued at approximately $213,000.

Other institutional investors have also modified their holdings of the company. Granite Investment Partners LLC purchased a new position in shares of Walmart in the 4th quarter valued at $227,000. Sagespring Wealth Partners LLC purchased a new position in shares of Walmart during the fourth quarter worth about $10,972,000. Townsquare Capital LLC grew its holdings in shares of Walmart by 6.5% during the fourth quarter. Townsquare Capital LLC now owns 193,329 shares of the retailer’s stock worth $17,467,000 after purchasing an additional 11,862 shares during the last quarter. Crux Wealth Advisors acquired a new stake in shares of Walmart during the fourth quarter worth about $1,562,000. Finally, Cornerstone Enterprises LLC acquired a new stake in shares of Walmart in the 4th quarter valued at about $1,336,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. 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. Guggenheim reaffirmed a “buy” rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Robert W. Baird increased their price target on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, Evercore ISI decreased their target price on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus price target of $103.58.

Walmart Stock Performance

Shares of WMT opened at $92.81 on Friday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The stock has a market cap of $744.03 billion, a P/E ratio of 38.51, a PEG 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 company has a 50-day moving average of $92.43 and a two-hundred day moving average of $89.88.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a dividend yield of 1.01%. Walmart’s dividend payout ratio is currently 39.00%.

Insider Activity at Walmart

In other Walmart news, EVP John D. Rainey sold 38,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company’s stock, valued at approximately $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,852 shares of company stock valued at $16,785,080 over the last quarter. Insiders own 45.58% of the company’s stock.

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.