American Money Management LLC Takes $381,000 Position in Walmart Inc. (NYSE:WMT)

American Money Management LLC purchased a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,221 shares of the retailer's stock, valued at approximately $381,000.

Several other large investors also recently bought and sold shares of the company. Allianz SE purchased a new position in Walmart in the 4th quarter worth approximately $14,879,000. Tucker Asset Management LLC lifted its position in Walmart by 88.2% during the fourth quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer's stock worth $115,000 after buying an additional 596 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Walmart by 0.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 560,069 shares of the retailer's stock worth $50,602,000 after buying an additional 1,895 shares during the last quarter. WealthTrak Capital Management LLC purchased a new stake in Walmart in the 4th quarter valued at $53,000. Finally, Intrust Bank NA increased its stake in shares of Walmart by 3.7% in the 4th quarter. Intrust Bank NA now owns 44,843 shares of the retailer's stock worth $4,052,000 after acquiring an additional 1,606 shares during the last quarter. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WMT shares. Erste Group Bank cut shares of Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. KeyCorp raised their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Oppenheimer upped their price objective on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. DZ Bank raised Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Walmart currently has an average rating of "Moderate Buy" and a consensus price target of $103.17.

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Walmart Stock Up 3.3 %

Shares of NYSE:WMT traded up $2.79 during trading hours on Monday, reaching $87.94. The stock had a trading volume of 30,255,294 shares, compared to its average volume of 16,963,802. Walmart Inc. has a 1 year low of $58.56 and a 1 year high of $105.30. The firm's 50 day moving average is $94.62 and its 200-day moving average is $89.40. The stock has a market capitalization of $704.97 billion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT - Get Free Report) last posted 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. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. Research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Announces Dividend

The firm also recently announced 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. This represents a $0.94 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's payout ratio is 39.00%.

Insider Activity at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares in the company, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $85.63, for a total transaction of $2,493,888.12. Following the completion of the transaction, the chief executive officer now directly owns 3,972,517 shares in the company, valued at $340,166,630.71. This trade represents a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 176,652 shares of company stock valued at $16,590,028 over the last three months. 45.58% of the stock is owned by corporate insiders.

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.