GM Advisory Group LLC Purchases 1,399 Shares of Walmart Inc. (NYSE:WMT)

GM Advisory Group LLC increased its position in shares of Walmart Inc. (NYSE:WMT) by 17.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,385 shares of the retailer’s stock after acquiring an additional 1,399 shares during the period. GM Advisory Group LLC’s holdings in Walmart were worth $848,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd grew its position in Walmart by 171.6% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 55,720 shares of the retailer’s stock worth $5,037,000 after acquiring an additional 35,204 shares during the last quarter. Wulff Hansen & CO. grew its position in shares of Walmart by 2.3% in the 4th quarter. Wulff Hansen & CO. now owns 13,531 shares of the retailer’s stock valued at $1,223,000 after buying an additional 310 shares during the last quarter. Vinva Investment Management Ltd grew its position in shares of Walmart by 7.8% in the 4th quarter. Vinva Investment Management Ltd now owns 221,632 shares of the retailer’s stock valued at $20,073,000 after buying an additional 15,980 shares during the last quarter. SageOak Financial LLC bought a new stake in shares of Walmart in the 4th quarter valued at about $396,000. Finally, Stokes Family Office LLC grew its position in shares of Walmart by 1.8% in the 4th quarter. Stokes Family Office LLC now owns 45,542 shares of the retailer’s stock valued at $4,115,000 after buying an additional 791 shares during the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity

In other news, EVP Daniel J. Bartlett sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the completion of the transaction, the executive vice president now directly owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the company’s 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 completion of the transaction, the chief executive officer now directly 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 valued at $17,657,316 over the last three months. Corporate insiders own 45.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on WMT shares. Piper Sandler upped their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. StockNews.com lowered Walmart from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 20th. Royal Bank of Canada dropped their price objective on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Finally, DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Tuesday, February 25th. Two 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.20.

Walmart Stock Performance

Shares of Walmart stock opened at $85.53 on Wednesday. The company has a market cap of $687.13 billion, a PE ratio of 35.49, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. The business has a 50 day moving average price of $95.56 and a 200-day moving average price of $88.93. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last issued its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm had revenue of $180.55 billion during 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%. Equities analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The firm also recently announced 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. This represents a $0.94 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio is presently 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.