Mid American Wealth Advisory Group Inc. Acquires Shares of 1,586 Walmart Inc. (NYSE:WMT)

Mid American Wealth Advisory Group Inc. bought a new position in Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,586 shares of the retailer’s stock, valued at approximately $269,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. SeaTown Holdings Pte. Ltd. raised its position in Walmart by 26.6% during the third quarter. SeaTown Holdings Pte. Ltd. now owns 252,600 shares of the retailer’s stock worth $40,398,000 after acquiring an additional 53,000 shares during the last quarter. Railway Pension Investments Ltd increased its position in Walmart by 28.0% during the third quarter. Railway Pension Investments Ltd now owns 767,013 shares of the retailer’s stock worth $122,668,000 after buying an additional 167,800 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Walmart by 1.5% in the third quarter. Mackenzie Financial Corp now owns 1,480,971 shares of the retailer’s stock worth $235,608,000 after acquiring an additional 21,899 shares during the last quarter. Capital Wealth Planning LLC lifted its position in shares of Walmart by 32.5% in the third quarter. Capital Wealth Planning LLC now owns 2,117,190 shares of the retailer’s stock valued at $338,602,000 after acquiring an additional 518,896 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its position in Walmart by 0.7% during the 3rd quarter. Pittenger & Anderson Inc. now owns 48,468 shares of the retailer’s stock worth $7,751,000 after purchasing an additional 325 shares in the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Down 1.5 %

WMT opened at $59.32 on Wednesday. Walmart Inc. has a 12-month low of $48.34 and a 12-month high of $61.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.83 and a quick ratio of 0.24. The stock has a market capitalization of $478.11 billion, a PE ratio of 31.00, a P/E/G ratio of 3.93 and a beta of 0.49. The firm’s fifty day moving average price is $59.99 and its 200 day moving average price is $55.90.

Walmart (NYSE:WMT) last issued its earnings results on Tuesday, February 20th. The retailer reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.05. The business 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 company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 EPS. As a group, research analysts expect 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. Stockholders of record on Friday, December 13th will be issued a $0.2075 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.40%. Walmart’s dividend payout ratio (DPR) is 43.38%.

Wall Street Analysts Forecast Growth

WMT has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Walmart from $62.00 to $63.33 and gave the stock a “buy” rating in a research note on Friday, February 16th. Oppenheimer decreased their target price on shares of Walmart to $67.00 and set an “outperform” rating on the stock in a research report on Monday, February 26th. JPMorgan Chase & Co. boosted their price target on Walmart from $54.33 to $58.67 and gave the company a “neutral” rating in a report on Monday, February 19th. Morgan Stanley decreased their price objective on Walmart to $66.67 and set an “overweight” rating on the stock in a report on Monday, February 26th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Walmart in a research note on Wednesday, March 13th. Four analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Insider Activity at Walmart

In other Walmart news, Director S Robson Walton sold 5,816,175 shares of Walmart stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $57.95, for a total value of $337,066,728.50. Following the completion of the transaction, the director now owns 677,052,654 shares of the company’s stock, valued at $39,237,458,141.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Alice L. Walton sold 5,970,066 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $58.27, for a total transaction of $347,895,646.04. Following the completion of the sale, the insider now owns 671,082,588 shares of the company’s stock, valued at approximately $39,106,219,344.72. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director S Robson Walton sold 5,816,175 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $57.95, for a total transaction of $337,066,728.50. Following the completion of the transaction, the director now directly owns 677,052,654 shares in the company, valued at approximately $39,237,458,141.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,019,140 shares of company stock valued at $1,696,035,551. Corporate insiders own 46.51% 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.