Bryce Point Capital LLC Takes $531,000 Position in Walmart Inc. (NYSE:WMT)

Bryce Point Capital LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,880 shares of the retailer's stock, valued at approximately $531,000.

Several other hedge funds have also recently modified their holdings of WMT. Vanguard Group Inc. increased its stake in Walmart by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Walmart by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock valued at $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. Norges Bank purchased a new position in Walmart in the 4th quarter worth $5,737,355,000. Fisher Asset Management LLC lifted its position in Walmart by 2.4% during the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock worth $4,408,452,000 after acquiring an additional 1,133,201 shares during the period. Finally, Franklin Resources Inc. grew its stake in Walmart by 1.2% during the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock valued at $3,796,129,000 after purchasing an additional 514,036 shares during the last quarter. Institutional investors and hedge funds own 26.76% of the company's stock.

Walmart Price Performance

Shares of NYSE WMT traded down $4.17 during midday trading on Friday, hitting $83.09. The stock had a trading volume of 36,185,150 shares, compared to its average volume of 17,156,570. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The company has a market capitalization of $666.12 billion, a PE ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69. The stock has a 50 day simple moving average of $94.01 and a 200-day simple moving average of $89.52.

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Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $178.83 billion. On average, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be paid a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.13%. Walmart's dividend payout ratio is presently 39.00%.

Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction 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 owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now directly owns 257,281 shares of the company's stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,852 shares of company stock worth $16,785,080. Insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of several research analyst reports. Citigroup restated a "positive" rating on shares of Walmart in a research note on Thursday, February 20th. Evercore ISI reduced their target price on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Royal Bank of Canada lowered their price target on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a report on Friday, February 21st. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Finally, Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

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.