AMJ Financial Wealth Management Has $4.67 Million Stock Holdings in Walmart Inc. (NYSE:WMT)

AMJ Financial Wealth Management reduced its stake in shares of Walmart Inc. (NYSE:WMT) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 51,715 shares of the retailer’s stock after selling 142 shares during the quarter. AMJ Financial Wealth Management’s holdings in Walmart were worth $4,672,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. FPC Investment Advisory Inc. acquired a new stake in Walmart during the fourth quarter worth about $25,000. Peterson Financial Group Inc. acquired a new stake in shares of Walmart during the 3rd quarter worth approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the fourth quarter valued at approximately $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the fourth quarter valued at approximately $32,000. Finally, Hara Capital LLC bought a new stake in Walmart during the third quarter worth $37,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Down 1.1 %

Shares of NYSE WMT opened at $97.49 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $783.17 billion, a PE ratio of 40.45, a P/E/G ratio of 4.42 and a beta of 0.55. The company’s fifty day simple moving average is $96.04 and its 200 day simple moving average is $87.88. Walmart Inc. has a 12-month low of $58.40 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating 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 company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. As a group, sell-side analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s payout ratio is currently 39.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on WMT. Evercore ISI boosted their price target on Walmart from $94.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, December 3rd. Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Bank of America raised their price target on shares of Walmart from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Telsey Advisory Group reiterated an “outperform” rating on shares of Walmart in a research report on Friday. Finally, BMO Capital Markets raised their target price on shares of Walmart from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. One investment analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $103.07.

Insider Buying and Selling at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the sale, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is owned by corporate insiders.

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.