Runnymede Capital Advisors Inc. Takes $272,000 Position in Walmart Inc. (NYSE:WMT)

Runnymede Capital Advisors Inc. bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,009 shares of the retailer’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Mizuho Securities USA LLC boosted its holdings in Walmart by 46.1% in the 4th quarter. Mizuho Securities USA LLC now owns 411,396 shares of the retailer’s stock worth $37,170,000 after buying an additional 129,742 shares during the period. Fi3 FINANCIAL ADVISORS LLC boosted its holdings in Walmart by 3.2% in the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 7,604 shares of the retailer’s stock worth $689,000 after buying an additional 237 shares during the period. Virtu Financial LLC boosted its holdings in Walmart by 729.2% in the 4th quarter. Virtu Financial LLC now owns 55,537 shares of the retailer’s stock worth $5,018,000 after buying an additional 48,839 shares during the period. Quantbot Technologies LP boosted its holdings in Walmart by 778.2% in the 4th quarter. Quantbot Technologies LP now owns 29,359 shares of the retailer’s stock worth $2,653,000 after buying an additional 26,016 shares during the period. Finally, Millstone Evans Group LLC bought a new position in Walmart in the 4th quarter worth approximately $529,000. 26.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Kathryn J. Mclay sold 4,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total transaction of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares in the company, valued at $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $92.35, for a total transaction of $2,689,601.40. Following the transaction, the chief executive officer now owns 3,785,702 shares in the company, valued at $349,609,579.70. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 189,777 shares of company stock valued at $18,001,116 in the last quarter. Insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of NYSE:WMT opened at $85.94 on Friday. The stock has a market cap of $688.93 billion, a PE ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53. The company’s fifty day moving average is $95.19 and its 200 day moving average is $88.95. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. 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 announced its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for 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%. Research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be issued a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Analysts Set New Price Targets

WMT has been the subject of several analyst reports. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Tuesday, February 25th. Piper Sandler increased their target price on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Tigress Financial increased their target price on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 target price (up from $97.00) on shares of Walmart in a research note on Friday, February 21st. 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart 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.