IPG Investment Advisors LLC Buys 8,258 Shares of Walmart Inc. (NYSE:WMT)

IPG Investment Advisors LLC increased its holdings in Walmart Inc. (NYSE:WMT - Free Report) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,610 shares of the retailer's stock after buying an additional 8,258 shares during the quarter. IPG Investment Advisors LLC's holdings in Walmart were worth $3,042,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Schroder Investment Management Group raised its position in Walmart by 10.1% during the fourth quarter. Schroder Investment Management Group now owns 6,426,063 shares of the retailer's stock valued at $580,595,000 after acquiring an additional 591,052 shares in the last quarter. American Money Management LLC purchased a new position in shares of Walmart in the 4th quarter valued at about $381,000. Allianz SE acquired a new position in Walmart in the 4th quarter worth about $14,879,000. Tucker Asset Management LLC increased its position in shares of Walmart by 88.2% in the fourth quarter. Tucker Asset Management LLC now owns 1,272 shares of the retailer's stock valued at $115,000 after buying an additional 596 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its position in Walmart by 0.3% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 560,069 shares of the retailer's stock worth $50,602,000 after acquiring an additional 1,895 shares during the period. 26.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up from $106.00) on shares of Walmart in a research note on Thursday, February 13th. Erste Group Bank downgraded Walmart from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Oppenheimer upped their price objective on shares of Walmart from $100.00 to $110.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. UBS Group reiterated a "buy" rating on shares of Walmart in a report on Friday, February 28th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $108.00 price target (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Two research 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. According to MarketBeat, Walmart presently has an average rating of "Moderate Buy" and an average target price of $103.17.

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Insider Activity at Walmart

In other Walmart news, EVP Daniel J. Bartlett sold 1,600 shares of Walmart stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO C Douglas Mcmillon sold 29,124 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $92.62, for a total value of $2,697,464.88. Following the transaction, the chief executive officer now owns 3,766,491 shares of the company's stock, valued at $348,852,396.42. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 176,652 shares of company stock valued at $16,590,028. Corporate insiders own 45.58% of the company's stock.

Walmart Stock Performance

NYSE WMT traded up $2.79 on Monday, hitting $87.94. The stock had a trading volume of 30,255,294 shares, compared to its average volume of 16,963,820. The company's 50-day moving average is $94.62 and its two-hundred day moving average is $89.40. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $704.97 billion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 4.42 and a beta of 0.53. 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 earnings results 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 firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. On average, analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, December 12th. Walmart's dividend payout ratio is currently 39.00%.

Walmart Company 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.