Connecticut Wealth Management LLC Has $674,000 Stake in Walmart Inc. (NYSE:WMT)

Connecticut Wealth Management LLC boosted its position in shares of Walmart Inc. (NYSE:WMT) by 59.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,273 shares of the retailer’s stock after purchasing an additional 1,590 shares during the period. Connecticut Wealth Management LLC’s holdings in Walmart were worth $674,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Authentikos Wealth Advisory LLC bought a new position in shares of Walmart during the 3rd quarter valued at $25,000. Signature Resources Capital Management LLC acquired a new stake in shares of Walmart in the fourth quarter worth $35,000. Kepos Capital LP bought a new position in shares of Walmart during the 3rd quarter worth about $40,000. Milestone Investment Advisors LLC acquired a new position in Walmart in the 3rd quarter valued at approximately $41,000. Finally, Fortitude Family Office LLC acquired a new position in shares of Walmart in the fourth quarter valued at $45,000. Institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.2 %

Walmart stock traded up $0.11 during midday trading on Friday, hitting $59.82. 14,207,397 shares of the stock were exchanged, compared to its average volume of 13,769,110. The stock has a market capitalization of $482.03 billion, a PE ratio of 31.26, a P/E/G ratio of 3.91 and a beta of 0.49. The company has a fifty day simple moving average of $60.06 and a two-hundred day simple moving average of $56.02. The company has a quick ratio of 0.24, a current ratio of 0.83 and a debt-to-equity ratio of 0.46. Walmart Inc. has a 52 week low of $48.34 and a 52 week high of $61.65.

Walmart (NYSE:WMT) last posted its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.05. The company had revenue of $173.40 billion for the quarter, compared to analyst estimates of $170.85 billion. Walmart had a net margin of 2.39% and a return on equity of 21.08%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.57 earnings per share. Equities research analysts anticipate that Walmart Inc. will post 2.36 EPS for the current fiscal year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 13th will be paid a $0.2075 dividend. This represents a $0.83 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend is Friday, December 13th. Walmart’s dividend payout ratio is 43.38%.

Analyst Ratings Changes

WMT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Morgan Stanley reduced their target price on Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Stifel Europe raised their price target on Walmart from $56.33 to $58.33 in a report on Friday, February 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research note on Friday, February 16th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $57.93, for a total transaction of $1,687,250.40. Following the sale, the chief executive officer now owns 4,076,892 shares in the company, valued at $236,187,943.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $57.93, for a total value of $1,687,250.40. Following the completion of the transaction, the chief executive officer now owns 4,076,892 shares of the company’s stock, valued at approximately $236,187,943.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Rainey sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $59.08, for a total transaction of $177,240.00. Following the transaction, the executive vice president now owns 521,613 shares in the company, valued at $30,816,896.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,019,140 shares of company stock valued at $1,696,045,631. 46.51% of the stock is owned by insiders.

Walmart 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.