3Chopt Investment Partners LLC Has $2.99 Million Stake in Walmart Inc. (NYSE:WMT)

3Chopt Investment Partners LLC raised its stake in Walmart Inc. (NYSE:WMT) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,972 shares of the retailer’s stock after purchasing an additional 339 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Walmart were worth $2,986,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of WMT. FPC Investment Advisory Inc. bought a new position in Walmart during the 4th quarter valued at $25,000. Horizon Financial Services LLC raised its holdings in shares of Walmart by 1,007.7% in the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after purchasing an additional 262 shares during the last quarter. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter valued at about $27,000. Decker Retirement Planning Inc. purchased a new position in Walmart during the fourth quarter worth about $32,000. Finally, Noble Wealth Management PBC bought a new stake in Walmart in the 4th quarter worth about $37,000. Institutional investors own 26.76% of the company’s stock.

Walmart Stock Performance

Shares of WMT opened at $92.81 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.23 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $92.43 and a 200-day moving average price of $89.88. The company has a market cap of $744.03 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

Walmart (NYSE:WMT) last released its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion during the quarter, compared to analysts’ expectations of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, equities analysts forecast that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

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 paid a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 1.01%. The ex-dividend date is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is currently 39.00%.

Insider Transactions at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total value of $1,220,100.00. Following the completion of the sale, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This represents a 2.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of Walmart stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total transaction of $343,800.00. Following the completion of the transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 178,852 shares of company stock worth $16,785,080. 45.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

WMT has been the topic of several recent analyst reports. Raymond James dropped their target price on shares of Walmart from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday. Wells Fargo & Company lifted their price target on Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Barclays restated an “overweight” rating on shares of Walmart in a research note on Friday, February 28th. Erste Group Bank cut Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $103.58.

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.