StoneX Group Inc. Buys 29,112 Shares of Walmart Inc. (NYSE:WMT)

StoneX Group Inc. grew its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 66.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,012 shares of the retailer's stock after buying an additional 29,112 shares during the quarter. StoneX Group Inc.'s holdings in Walmart were worth $6,606,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the fourth quarter worth $25,000. Horizon Financial Services LLC grew 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 worth $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. acquired a new stake in shares of Walmart during the 4th quarter worth about $27,000. Decker Retirement Planning Inc. bought a new position in Walmart during the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC bought a new position in Walmart during the 4th quarter valued at about $37,000. 26.76% of the stock is owned by institutional investors.

Walmart Stock Up 1.0 %

NYSE WMT traded up $0.91 during trading hours on Tuesday, reaching $88.70. 22,070,021 shares of the company's stock were exchanged, compared to its average volume of 16,996,645. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The company has a market capitalization of $711.10 billion, a price-to-earnings ratio of 36.81, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company's 50-day moving average is $94.45 and its two-hundred day moving average is $89.51. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

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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, topping the consensus estimate of $0.64 by $0.02. The company had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts forecast that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.06%. Walmart's dividend payout ratio (DPR) is 39.00%.

Insider Transactions at Walmart

In other news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total value of $166,384.00. Following the sale, the executive vice president now directly owns 423,597 shares in the company, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company's stock, valued at $52,859,472.96. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 176,652 shares of company stock valued at $16,590,028 over the last three months. Company insiders own 45.58% of the company's stock.

Analysts Set New Price Targets

WMT has been the subject of several recent analyst reports. Evercore ISI dropped their price objective on shares of Walmart from $107.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Citigroup reiterated a "positive" rating on shares of Walmart in a research report on Thursday, February 20th. Erste Group Bank cut Walmart from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. KeyCorp lifted their price target on Walmart from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Finally, Jefferies Financial Group increased their price objective on shares of Walmart from $105.00 to $111.00 and gave the stock a "buy" rating in a report on Tuesday, December 17th. Two analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Walmart has an average rating of "Moderate Buy" and an average price target of $103.17.

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.