Bullseye Investment Management LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

Bullseye Investment Management LLC bought a new position in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,827 shares of the retailer's stock, valued at approximately $524,000.

Several other large investors also recently modified their holdings of the business. Bcwm LLC bought a new stake in shares of Walmart during the fourth quarter valued at approximately $9,354,000. Horizon Financial Services LLC grew its position in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock worth $26,000 after buying an additional 262 shares during the period. IPG Investment Advisors LLC increased its stake in shares of Walmart by 32.6% in the 4th quarter. IPG Investment Advisors LLC now owns 33,610 shares of the retailer's stock worth $3,042,000 after acquiring an additional 8,258 shares in the last quarter. Schroder Investment Management Group lifted its position in Walmart by 10.1% during the 4th quarter. Schroder Investment Management Group now owns 6,426,063 shares of the retailer's stock valued at $580,595,000 after acquiring an additional 591,052 shares during the period. Finally, American Money Management LLC bought a new stake in Walmart during the fourth quarter worth about $381,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other Walmart news, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.62, for a total value of $2,697,464.88. Following the sale, the chief executive officer now directly owns 3,766,491 shares in the company, valued at approximately $348,852,396.42. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the transaction, the executive vice president now directly owns 460,705 shares of the company's stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is owned by company insiders.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WMT. Jefferies Financial Group lifted their target price on shares of Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Robert W. Baird boosted their target price on Walmart from $100.00 to $115.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Oppenheimer raised their price target on Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price target on shares of Walmart from $99.00 to $93.00 and set a "hold" rating on the stock in a research note on Thursday, March 20th. Finally, KeyCorp raised their price objective on shares of Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and an average price target of $103.17.

Walmart Stock Performance

Shares of NYSE WMT traded up $2.79 during trading on Monday, hitting $87.94. The company had a trading volume of 30,255,294 shares, compared to its average volume of 16,963,820. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a market capitalization of $704.97 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The stock has a 50 day simple moving average of $94.62 and a 200 day simple moving average of $89.40.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The business 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%. As a group, analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 39.00%.

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.