Bullseye Investment Management LLC Purchases Shares of 5,827 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,827 shares of the retailer's stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bcwm LLC purchased a new position in Walmart in the 4th quarter worth approximately $9,354,000. Horizon Financial Services LLC grew its stake in shares of Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares in the last quarter. IPG Investment Advisors LLC increased its position in shares of Walmart by 32.6% during the fourth 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 during the last quarter. Schroder Investment Management Group lifted its stake in shares of Walmart by 10.1% in the fourth quarter. Schroder Investment Management Group now owns 6,426,063 shares of the retailer's stock worth $580,595,000 after acquiring an additional 591,052 shares in the last quarter. Finally, American Money Management LLC purchased a new stake in Walmart during the 4th quarter worth approximately $381,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Walmart Price Performance

Shares of Walmart stock traded up $0.96 during midday trading on Wednesday, hitting $89.79. 10,106,337 shares of the company were exchanged, compared to its average volume of 16,970,943. The firm has a 50 day simple moving average of $94.45 and a 200-day simple moving average of $89.51. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The firm has a market cap of $719.83 billion, a P/E ratio of 37.26, a PEG ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. Research analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.05%. Walmart's payout ratio is 39.00%.

Insider Activity

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the company'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 completion of the sale, the chief executive officer now directly owns 3,972,517 shares of the company's stock, valued at $340,166,630.71. This represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction 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 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 ninety days, insiders sold 176,652 shares of company stock valued at $16,590,028. Company insiders own 45.58% of the company's stock.

Analyst Ratings Changes

WMT has been the subject of a number of research analyst reports. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Jefferies Financial Group upped their price objective on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a research note on Tuesday, December 17th. Piper Sandler raised their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price target on Walmart from $100.00 to $108.00 and gave the stock an "overweight" rating in a research 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.