Cornerstone Enterprises LLC Invests $1.34 Million in Walmart Inc. (NYSE:WMT)

Cornerstone Enterprises LLC purchased 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 fund purchased 14,782 shares of the retailer's stock, valued at approximately $1,336,000. Walmart makes up about 0.8% of Cornerstone Enterprises LLC's holdings, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Walmart in the 4th quarter worth about $5,737,355,000. Raymond James Financial Inc. acquired a new position in shares of Walmart during the fourth quarter worth $2,306,627,000. Jennison Associates LLC grew its stake in shares of Walmart by 37.1% during the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after acquiring an additional 6,860,189 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Walmart by 14.0% during the 4th quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after purchasing an additional 3,927,173 shares in the last quarter. Finally, APG Asset Management N.V. increased its stake in shares of Walmart by 1,707.6% in the fourth quarter. APG Asset Management N.V. now owns 3,718,058 shares of the retailer's stock worth $324,410,000 after buying an additional 3,512,368 shares during the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the 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 sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 178,852 shares of company stock worth $16,785,080 in the last 90 days. 45.58% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company upped their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Piper Sandler boosted their target price on shares of Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their price target on Walmart from $107.00 to $102.00 and set an "outperform" rating for the company in a research note on Thursday. UBS Group lowered their price objective on shares of Walmart from $112.00 to $110.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Raymond James cut their price target on shares of Walmart from $115.00 to $105.00 and set an "outperform" rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.58.

Walmart Stock Performance

Shares of Walmart stock traded up $2.11 on Monday, reaching $94.91. The stock had a trading volume of 27,735,388 shares, compared to its average volume of 17,697,855. 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 fifty-two week low of $58.56 and a fifty-two week high of $105.30. The business's 50-day moving average price is $92.43 and its two-hundred day moving average price is $89.95. The stock has a market cap of $760.88 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

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

Walmart Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is presently 39.00%.

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.