one8zero8 LLC Purchases New Holdings in Walmart Inc. (NYSE:WMT)

one8zero8 LLC bought a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,988 shares of the retailer's stock, valued at approximately $1,083,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coyle Financial Counsel LLC increased its position 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 buying an additional 102 shares during the period. SC&H Financial Advisors Inc. increased its position 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 buying an additional 103 shares during the period. Blackston Financial Advisory Group LLC increased its position in Walmart by 0.7% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 15,685 shares of the retailer's stock worth $1,417,000 after buying an additional 106 shares during the period. Van Strum & Towne Inc. increased its position in Walmart by 1.6% during the fourth quarter. Van Strum & Towne Inc. now owns 6,849 shares of the retailer's stock worth $619,000 after buying an additional 108 shares during the period. Finally, Scarborough Advisors LLC increased its position in Walmart by 2.0% during the fourth quarter. Scarborough Advisors LLC now owns 5,584 shares of the retailer's stock worth $505,000 after buying an additional 109 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Up 2.9 %

Walmart stock traded up $2.44 during trading on Monday, hitting $87.79. The company's stock had a trading volume of 16,594,528 shares, compared to its average volume of 15,834,122. The stock has a market capitalization of $705.23 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 4.42 and a beta of 0.53. The stock's fifty day moving average is $95.74 and its 200 day moving average is $88.80. Walmart Inc. has a 1-year low of $58.56 and a 1-year high of $105.30. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

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Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. As a group, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid 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 1.07%. Walmart's dividend payout ratio is presently 39.00%.

Insiders Place Their Bets

In other news, CEO C Douglas Mcmillon sold 29,124 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the sale, the chief executive officer now owns 3,785,702 shares in the company, valued at approximately $349,609,579.70. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel J. Bartlett sold 1,830 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the sale, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. This trade represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 185,777 shares of company stock worth $17,657,316 over the last three months. 45.58% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on WMT. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. TD Cowen boosted their target price on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Guggenheim reissued a "buy" rating and issued a $100.00 target price on shares of Walmart in a report on Monday, February 24th. Jefferies Financial Group boosted their target price on Walmart from $105.00 to $111.00 and gave the company a "buy" rating in a report on Tuesday, December 17th. Finally, Piper Sandler boosted their target price on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $103.20.

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.