SOA Wealth Advisors LLC. Acquires 142 Shares of Walmart Inc. (NYSE:WMT)

SOA Wealth Advisors LLC. lifted its position in Walmart Inc. (NYSE:WMT) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,194 shares of the retailer’s stock after acquiring an additional 142 shares during the period. SOA Wealth Advisors LLC.’s holdings in Walmart were worth $831,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Walmart during the 3rd quarter valued at approximately $26,000. Fiduciary Advisors Inc. bought a new position in Walmart in the 4th quarter worth $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter valued at about $32,000. Hara Capital LLC bought a new stake in Walmart during the third quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Walmart in the third quarter worth about $43,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Up 1.9 %

WMT opened at $98.65 on Friday. Walmart Inc. has a twelve month low of $58.20 and a twelve month high of $105.30. 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 company has a 50-day moving average price of $95.90 and a 200 day moving average price of $87.44. The company has a market cap of $792.52 billion, a PE ratio of 40.94, a price-to-earnings-growth ratio of 4.42 and a beta of 0.55.

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

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.95%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling at Walmart

In other news, EVP John D. Rainey sold 38,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $166,384.00. Following the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,777 shares of company stock worth $17,934,726. Insiders own 45.58% of the company’s stock.

Analysts Set New Price Targets

WMT has been the topic of several research reports. Truist Financial lifted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. DZ Bank upgraded Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday. TD Cowen boosted their price target on Walmart from $90.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Telsey Advisory Group reissued an “outperform” rating on shares of Walmart in a research note on Friday. Finally, Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday. One analyst has rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $103.07.

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.