ROI Financial Advisors LLC increased its holdings in shares of Walmart Inc. (NYSE:WMT - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,164 shares of the retailer's stock after purchasing an additional 4,138 shares during the period. Walmart makes up 2.7% of ROI Financial Advisors LLC's holdings, making the stock its 14th biggest position. ROI Financial Advisors LLC's holdings in Walmart were worth $3,900,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Walmart during the 4th quarter worth approximately $5,737,355,000. Raymond James Financial Inc. purchased a new stake in Walmart during the fourth quarter worth $2,306,627,000. Jennison Associates LLC grew its position in Walmart by 37.1% during the fourth quarter. Jennison Associates LLC now owns 25,339,448 shares of the retailer's stock valued at $2,289,419,000 after buying an additional 6,860,189 shares during the period. Bank of New York Mellon Corp increased its holdings in Walmart by 14.0% in the fourth quarter. Bank of New York Mellon Corp now owns 32,020,800 shares of the retailer's stock valued at $2,893,079,000 after buying an additional 3,927,173 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Walmart by 3.4% in the fourth quarter. Geode Capital Management LLC now owns 90,635,238 shares of the retailer's stock worth $8,167,186,000 after acquiring an additional 3,017,829 shares during the period. 26.76% of the stock is currently owned by institutional investors and hedge funds.
Walmart Price Performance
NYSE:WMT opened at $83.09 on Friday. The company has a market capitalization of $666.12 billion, a P/E ratio of 34.48, a P/E/G ratio of 4.42 and a beta of 0.69. 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 52 week low of $58.56 and a 52 week high of $105.30. The stock's fifty day moving average is $94.01 and its two-hundred day moving average is $89.52.
Walmart (NYSE:WMT - Get Free Report) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. Walmart had a net margin of 2.85% and a return on equity of 21.87%. The company had revenue of $180.55 billion for the quarter, compared to analysts' expectations of $178.83 billion. Equities analysts expect that Walmart Inc. will post 2.55 EPS for the current year.
Walmart Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 annualized dividend and a yield of 1.13%. Walmart's dividend payout ratio (DPR) is presently 39.00%.
Insiders Place Their Bets
In related news, EVP John D. Rainey sold 2,200 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $88.66, for a total transaction of $195,052.00. Following the completion of the transaction, the executive vice president now directly owns 398,024 shares in the company, valued at $35,288,807.84. This trade represents a 0.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company's stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 178,852 shares of company stock worth $16,785,080 over the last ninety days. Corporate insiders own 45.58% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on WMT. Citigroup restated a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on Walmart from $100.00 to $108.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price target on shares of Walmart from $109.00 to $107.00 and set an "outperform" rating on the stock in a research note on Friday, February 21st. Truist Financial boosted their price target 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, Barclays reaffirmed an "overweight" rating on shares of Walmart in a report on Friday, February 28th. Two equities 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. According to MarketBeat.com, Walmart currently has an average rating of "Moderate Buy" and a consensus target price of $103.17.
View Our Latest Report on Walmart
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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