one8zero8 LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

one8zero8 LLC purchased a new stake in shares of Walmart Inc. (NYSE:WMT) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,988 shares of the retailer’s stock, valued at approximately $1,083,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of WMT. Raymond James Financial Inc. purchased a new stake in Walmart during the 4th quarter valued at $2,306,627,000. Jennison Associates LLC raised its holdings in Walmart by 479.6% during the 3rd quarter. Jennison Associates LLC now owns 18,479,259 shares of the retailer’s stock valued at $1,492,200,000 after buying an additional 15,290,936 shares during the period. FMR LLC raised its holdings in Walmart by 12.9% during the 3rd quarter. FMR LLC now owns 63,135,639 shares of the retailer’s stock valued at $5,098,203,000 after buying an additional 7,200,004 shares during the period. Bank of New York Mellon Corp grew its position in Walmart by 14.0% in the 4th 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 acquiring an additional 3,927,173 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Walmart by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 87,617,409 shares of the retailer’s stock valued at $7,048,465,000 after acquiring an additional 2,786,061 shares during the last quarter. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Walmart Trading Up 0.9 %

Shares of NYSE:WMT opened at $85.29 on Friday. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a market cap of $685.19 billion, a price-to-earnings ratio of 35.39, a PEG ratio of 4.42 and a beta of 0.53. 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 business has a 50-day moving average price of $95.74 and a 200-day moving average price of $88.71.

Walmart (NYSE:WMT) last announced 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. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Equities 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. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is 39.00%.

Analyst Ratings Changes

Several equities analysts have commented on WMT shares. Royal Bank of Canada cut their price objective on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research report on Friday, February 21st. Evercore ISI cut their price objective on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Piper Sandler upped their price objective on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Roth Mkm reaffirmed a “buy” rating and issued a $108.00 price objective (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. increased their price target on Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. One investment analyst has 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 data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $103.20.

Insider Transactions at Walmart

In related news, EVP Christopher James Nicholas sold 17,600 shares of Walmart stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $94.42, for a total transaction of $1,661,792.00. Following the completion of the transaction, the executive vice president now directly owns 348,357 shares in the company, valued at approximately $32,891,867.94. This trade represents a 4.81 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $92.35, for a total value of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,777 shares of company stock worth $17,657,316 over the last three months. 45.58% of the stock is currently owned by insiders.

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.