100,000 Shares in Walmart Inc. (NYSE:WMT) Bought by Arrow Capital Pty Ltd

Arrow Capital Pty Ltd purchased a new stake in Walmart Inc. (NYSE:WMT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 100,000 shares of the retailer's stock, valued at approximately $9,035,000. Walmart accounts for about 8.3% of Arrow Capital Pty Ltd's portfolio, making the stock its largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in Walmart in the 4th quarter valued at approximately $25,000. Horizon Financial Services LLC grew its holdings in Walmart by 1,007.7% during the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after buying an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter worth $27,000. Decker Retirement Planning Inc. purchased a new position in shares of Walmart during the fourth quarter valued at approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart in the 4th quarter valued at about $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Stock Performance

Shares of NYSE:WMT traded up $1.98 on Friday, hitting $93.17. The company's stock had a trading volume of 21,350,174 shares, compared to its average volume of 17,819,973. The company has a market capitalization of $746.93 billion, a price-to-earnings ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. 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 Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock's 50-day moving average is $91.52 and its two-hundred day moving average is $90.26.

Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.02. The company had revenue of $180.55 billion for the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, equities research analysts forecast that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 annualized dividend and a dividend yield of 1.01%. Walmart's dividend payout ratio (DPR) is 39.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Oppenheimer dropped their price objective on Walmart from $110.00 to $95.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Roth Mkm reiterated a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, Mizuho assumed coverage on Walmart in a research note on Friday, April 11th. They set an "outperform" rating and a $105.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.58.

Insider Activity at Walmart

In related news, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $98.80, for a total transaction of $3,754,400.00. Following the transaction, the executive vice president now directly owns 257,281 shares of the company's stock, valued at approximately $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $85.63, for a total value of $2,493,888.12. Following the sale, the chief executive officer now owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. The trade was a 0.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,782 shares of company stock valued at $16,785,305 over the last 90 days. 45.58% of the stock is currently 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.