Pollock Investment Advisors LLC Makes New $895,000 Investment in Walmart Inc. (NYSE:WMT)

Pollock Investment Advisors LLC acquired a new position in Walmart Inc. (NYSE:WMT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,901 shares of the retailer's stock, valued at approximately $895,000. Walmart accounts for about 0.7% of Pollock Investment Advisors LLC's portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. one8zero8 LLC acquired a new position in Walmart in the fourth quarter valued at approximately $1,083,000. Choate Investment Advisors lifted its stake in Walmart by 8.2% in the fourth quarter. Choate Investment Advisors now owns 301,477 shares of the retailer's stock valued at $27,250,000 after buying an additional 22,961 shares during the period. Diversified Enterprises LLC lifted its stake in Walmart by 10.1% in the fourth quarter. Diversified Enterprises LLC now owns 13,444 shares of the retailer's stock valued at $1,215,000 after buying an additional 1,234 shares during the period. Natixis Advisors LLC lifted its stake in Walmart by 4.0% in the fourth quarter. Natixis Advisors LLC now owns 1,943,247 shares of the retailer's stock valued at $175,572,000 after buying an additional 75,418 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its stake in Walmart by 0.4% in the fourth quarter. Frank Rimerman Advisors LLC now owns 56,956 shares of the retailer's stock valued at $5,146,000 after buying an additional 201 shares during the period. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WMT. Royal Bank of Canada dropped their price target on Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Piper Sandler boosted their price objective on Walmart from $93.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. TD Cowen boosted their price objective on Walmart from $90.00 to $100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. Tigress Financial boosted their price objective on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Barclays restated an "overweight" rating on shares of Walmart in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $103.20.

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Insiders Place Their Bets

In other news, EVP John D. Rainey sold 38,000 shares of the firm'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 value of $3,754,400.00. Following the completion of the transaction, the executive vice president now owns 257,281 shares in the company, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the completion of the transaction, the chief executive officer now owns 3,785,702 shares of the company's stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 185,777 shares of company stock worth $17,657,316. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

NYSE WMT traded up $0.79 during trading on Friday, reaching $85.29. The company's stock had a trading volume of 35,480,004 shares, compared to its average volume of 15,827,975. The stock has a market capitalization of $685.19 billion, a PE ratio of 35.39, a P/E/G ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. The firm has a fifty day moving average of $95.74 and a 200 day moving average of $88.80. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

Walmart (NYSE:WMT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm 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 $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio (DPR) is currently 39.00%.

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.