NEOS Investment Management LLC Raises Stock Holdings in Walmart Inc. (NYSE:WMT)

NEOS Investment Management LLC grew its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 31.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 232,999 shares of the retailer's stock after buying an additional 56,002 shares during the period. NEOS Investment Management LLC's holdings in Walmart were worth $21,051,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. bought a new position in shares of Walmart in the 4th quarter worth approximately $25,000. Fiduciary Advisors Inc. purchased a new position in Walmart during the fourth quarter valued at $27,000. Decker Retirement Planning Inc. bought a new stake in shares of Walmart during the 4th quarter valued at $32,000. Noble Wealth Management PBC purchased a new stake in shares of Walmart in the 4th quarter worth approximately $37,000. Finally, Legacy Investment Solutions LLC purchased a new position in Walmart in the 3rd quarter worth approximately $43,000. Institutional investors own 26.76% of the company's stock.

Wall Street Analysts Forecast Growth

WMT has been the topic of several research reports. Oppenheimer raised their target price on shares of Walmart from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Telsey Advisory Group restated an "outperform" rating on shares of Walmart in a research note on Friday, February 28th. Jefferies Financial Group lifted their price objective on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a report on Thursday, February 13th. Finally, Wells Fargo & Company boosted their price target on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $103.17.

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Insider Buying and Selling at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John R. Furner sold 13,125 shares of the company's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the transaction, the executive vice president now directly owns 568,626 shares in the company, valued at approximately $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 have sold 147,528 shares of company stock worth $14,096,140 over the last quarter. Insiders own 45.58% of the company's stock.

Walmart Trading Down 0.6 %

WMT traded down $0.55 on Friday, reaching $85.08. 14,780,407 shares of the company traded hands, compared to its average volume of 16,910,594. The company has a market cap of $682.04 billion, a P/E ratio of 35.30, 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. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The firm has a fifty day simple moving average of $94.62 and a two-hundred day simple moving average of $89.32.

Walmart (NYSE:WMT - Get Free Report) last issued its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating 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 analyst estimates of $178.83 billion. As a group, equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently disclosed 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. This represents a $0.94 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's payout ratio is currently 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.