Hoey Investments Inc. Raises Stock Position in Walmart Inc. (NYSE:WMT)

Hoey Investments Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT - Free Report) by 69.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,829 shares of the retailer's stock after acquiring an additional 21,590 shares during the quarter. Walmart comprises approximately 0.8% of Hoey Investments Inc.'s portfolio, making the stock its 13th biggest position. Hoey Investments Inc.'s holdings in Walmart were worth $4,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Prudent Man Investment Management Inc. bought a new position in Walmart during the fourth quarter valued at approximately $191,000. Bedell Frazier Investment Counselling LLC boosted its stake in shares of Walmart by 3.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 3,844 shares of the retailer's stock worth $347,000 after buying an additional 120 shares during the last quarter. Meeder Asset Management Inc. increased its position in Walmart by 78.0% during the fourth quarter. Meeder Asset Management Inc. now owns 306,053 shares of the retailer's stock valued at $27,652,000 after acquiring an additional 134,149 shares during the last quarter. AIA Group Ltd lifted its holdings in Walmart by 49.5% in the fourth quarter. AIA Group Ltd now owns 68,881 shares of the retailer's stock valued at $6,223,000 after acquiring an additional 22,807 shares during the period. Finally, Partners in Financial Planning purchased a new position in Walmart in the fourth quarter worth about $552,000. Hedge funds and other institutional investors own 26.76% of the company's stock.

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Analyst Ratings Changes

WMT has been the topic of a number of research reports. Piper Sandler raised their price objective on shares of Walmart from $93.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Barclays reissued an "overweight" rating on shares of Walmart in a research report on Friday, February 28th. UBS Group reaffirmed a "buy" rating on shares of Walmart in a report on Friday, February 28th. Tigress Financial boosted their price target on Walmart from $86.00 to $115.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Jefferies Financial Group raised their price objective on Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.17.

Insider Activity

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Daniel J. Bartlett sold 1,830 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the transaction, the executive vice president now owns 460,705 shares of the company's stock, valued at approximately $41,956,404.35. The trade was a 0.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 176,652 shares of company stock valued at $16,590,028. 45.58% of the stock is currently owned by company insiders.

Walmart Price Performance

Shares of Walmart stock traded up $1.05 during trading hours on Wednesday, reaching $89.88. The company's stock had a trading volume of 18,484,679 shares, compared to its average volume of 17,003,481. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30. The firm has a 50 day moving average price of $94.45 and a 200-day moving average price of $89.51. The stock has a market cap of $720.55 billion, a P/E ratio of 37.29, a P/E/G ratio of 4.42 and a beta of 0.53.

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

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders 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 1.05%. The ex-dividend date of this dividend is Friday, December 12th. Walmart's dividend payout ratio (DPR) is 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.