Walmart Inc. (NYSE:WMT) Shares Purchased by Nemes Rush Group LLC

Nemes Rush Group LLC lifted its position in shares of Walmart Inc. (NYSE:WMT - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,369 shares of the retailer's stock after purchasing an additional 8,596 shares during the period. Walmart accounts for 2.9% of Nemes Rush Group LLC's portfolio, making the stock its 7th largest holding. Nemes Rush Group LLC's holdings in Walmart were worth $23,344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Walmart by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer's stock valued at $38,194,278,000 after purchasing an additional 2,050,683 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Walmart by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer's stock worth $7,048,465,000 after buying an additional 2,786,061 shares during the last quarter. Norges Bank bought a new stake in shares of Walmart during the 4th quarter worth about $5,737,355,000. Fisher Asset Management LLC grew its stake in Walmart by 2.4% in the 4th quarter. Fisher Asset Management LLC now owns 48,793,045 shares of the retailer's stock valued at $4,408,452,000 after buying an additional 1,133,201 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Walmart by 1.2% in the 4th quarter. Franklin Resources Inc. now owns 42,015,818 shares of the retailer's stock valued at $3,796,129,000 after buying an additional 514,036 shares during the last quarter. 26.76% of the stock is owned by institutional investors.

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Walmart Price Performance

Shares of NYSE:WMT traded up $0.91 during trading on Tuesday, hitting $88.70. 22,070,021 shares of the company were exchanged, compared to its average volume of 16,996,645. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a market capitalization of $711.10 billion, a P/E ratio of 36.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. 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 business's 50 day moving average is $94.45 and its 200-day moving average is $89.51.

Walmart (NYSE:WMT - Get Free Report) last issued 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 return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $180.55 billion during the quarter, compared to analysts' expectations of $178.83 billion. Equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given 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 1.06%. Walmart's dividend payout ratio is presently 39.00%.

Insiders Place Their Bets

In related news, EVP John R. Furner sold 13,125 shares of Walmart stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total value of $1,220,100.00. Following the transaction, the executive vice president now directly owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were 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 owns 3,972,517 shares in the company, 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 have sold 176,652 shares of company stock valued at $16,590,028 in the last ninety days. 45.58% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

WMT has been the subject of a number of research analyst reports. Royal Bank of Canada reduced their price objective on Walmart from $109.00 to $107.00 and set an "outperform" rating for the company in a report on Friday, February 21st. Evercore ISI dropped their price target on Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Robert W. Baird upped their price objective on Walmart from $100.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Roth Mkm reissued a "buy" rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a report on Friday, February 21st. Finally, KeyCorp upped their price target 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 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 company. According to MarketBeat.com, Walmart presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

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.