Symmetry Investments LP Invests $19.94 Million in Walmart Inc. (NYSE:WMT)

Symmetry Investments LP bought a new stake in shares of Walmart Inc. (NYSE:WMT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 220,705 shares of the retailer's stock, valued at approximately $19,941,000. Walmart comprises approximately 1.0% of Symmetry Investments LP's portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter worth $25,000. Horizon Financial Services LLC lifted its holdings in shares of Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer's stock valued at $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new position in Walmart in the fourth quarter worth about $27,000. Decker Retirement Planning Inc. bought a new stake in Walmart during the fourth quarter worth approximately $32,000. Finally, Noble Wealth Management PBC purchased a new stake in Walmart during the fourth quarter valued at approximately $37,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the completion of the sale, the executive vice president now owns 423,597 shares of the company's stock, valued at $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $98.80, for a total value of $3,754,400.00. Following the completion of the sale, the executive vice president now owns 257,281 shares in the company, valued at approximately $25,419,362.80. This represents a 12.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,782 shares of company stock valued at $16,785,305 over the last ninety days. 45.58% of the stock is currently owned by insiders.

Walmart Stock Performance

Shares of WMT opened at $94.91 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The firm has a market cap of $760.88 billion, a PE ratio of 39.38, a P/E/G ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12 month low of $58.56 and a 12 month high of $105.30. The stock has a fifty day moving average price of $91.09 and a 200-day moving average price of $90.51.

Walmart (NYSE:WMT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping 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 business had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Equities research analysts predict that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders 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 dividend yield of 0.99%. Walmart's payout ratio is currently 39.00%.

Analyst Ratings Changes

WMT has been the topic of several analyst reports. Morgan Stanley reissued an "overweight" rating and set a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. DZ Bank raised shares of Walmart from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research note on Tuesday, February 25th. Oppenheimer reduced their price target on Walmart from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group restated a "buy" rating on shares of Walmart in a report on Wednesday, March 26th. Finally, Roth Mkm reiterated a "buy" rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $103.58.

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.

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