Mach 1 Financial Group LLC boosted its stake in Walmart Inc. (NYSE:WMT - Free Report) by 12.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,717 shares of the retailer's stock after acquiring an additional 21,429 shares during the period. Walmart accounts for about 30.9% of Mach 1 Financial Group LLC's holdings, making the stock its biggest position. Mach 1 Financial Group LLC's holdings in Walmart were worth $17,141,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Walmart by 1.7% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 5,937 shares of the retailer's stock worth $538,000 after purchasing an additional 98 shares during the period. Coyle Financial Counsel LLC raised its holdings in Walmart by 3.1% during the fourth quarter. Coyle Financial Counsel LLC now owns 3,431 shares of the retailer's stock worth $310,000 after purchasing an additional 102 shares in the last quarter. SC&H Financial Advisors Inc. grew its holdings in Walmart by 1.0% during the fourth quarter. SC&H Financial Advisors Inc. now owns 10,232 shares of the retailer's stock worth $924,000 after acquiring an additional 103 shares during the period. Blackston Financial Advisory Group LLC increased its holdings in Walmart by 0.7% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock valued at $1,417,000 after buying an additional 106 shares in the last quarter. Finally, Van Strum & Towne Inc. grew its holdings in shares of Walmart by 1.6% in the 4th quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after acquiring an additional 108 shares during the period. 26.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the company. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a research report on Wednesday, March 26th. Oppenheimer dropped their price objective on shares of Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. Piper Sandler raised their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial raised their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, February 11th. Finally, Stifel Nicolaus reduced their price target on shares of Walmart from $93.00 to $91.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Three 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 stock. According to data from MarketBeat.com, Walmart has a consensus rating of "Moderate Buy" and an average price target of $103.58.
Get Our Latest Stock Report on Walmart
Insider Buying and Selling at Walmart
In other Walmart news, EVP John R. Furner sold 13,125 shares of the stock in a transaction dated Thursday, January 23rd. The shares were 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 directly owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 257,281 shares of the company's stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,782 shares of company stock valued at $16,785,305 in the last ninety days. Corporate insiders own 45.58% of the company's stock.
Walmart Stock Performance
WMT traded up $0.16 during trading on Wednesday, hitting $95.01. The company's stock had a trading volume of 18,013,206 shares, compared to its average volume of 17,839,507. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $761.68 billion, a PE ratio of 39.42, a P/E/G ratio of 4.42 and a beta of 0.69. The business's 50 day simple moving average is $91.09 and its 200-day simple moving average is $90.51.
Walmart (NYSE:WMT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The firm had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. As a group, sell-side analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.
Walmart Dividend Announcement
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 issued a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 0.99%. Walmart's payout ratio is currently 39.00%.
About Walmart
(
Free Report)
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.
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