Walmart Inc. (NYSE:WMT) Shares Acquired by Interchange Capital Partners LLC

Interchange Capital Partners LLC boosted its holdings in shares of Walmart Inc. (NYSE:WMT) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,079 shares of the retailer’s stock after purchasing an additional 326 shares during the period. Interchange Capital Partners LLC’s holdings in Walmart were worth $640,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Jackson Thornton Wealth Management LLC lifted its stake in Walmart by 21.3% during the fourth quarter. Jackson Thornton Wealth Management LLC now owns 3,312 shares of the retailer’s stock valued at $299,000 after purchasing an additional 582 shares during the last quarter. Congress Wealth Management LLC DE lifted its stake in Walmart by 2.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 47,038 shares of the retailer’s stock valued at $4,250,000 after purchasing an additional 1,309 shares during the last quarter. Horrell Capital Management Inc. lifted its position in shares of Walmart by 0.3% in the 4th quarter. Horrell Capital Management Inc. now owns 86,603 shares of the retailer’s stock valued at $7,825,000 after acquiring an additional 228 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of Walmart in the 4th quarter valued at approximately $326,000. Finally, Vanguard Group Inc. lifted its position in shares of Walmart by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 422,736,888 shares of the retailer’s stock valued at $38,194,278,000 after acquiring an additional 2,050,683 shares in the last quarter. 26.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley restated 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. Stifel Nicolaus cut their target price on shares of Walmart from $99.00 to $93.00 and set a “hold” rating for the company in a research report on Thursday. Roth Mkm reiterated a “buy” rating and issued a $108.00 target price (up previously from $97.00) on shares of Walmart in a research report on Friday, February 21st. Robert W. Baird increased their target price on shares of Walmart from $100.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Truist Financial increased their target price on shares of Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Stock Up 0.1 %

Shares of NYSE WMT opened at $85.94 on Monday. The stock has a market cap of $688.93 billion, a P/E ratio of 35.66, a P/E/G 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 company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82. The firm has a 50 day moving average price of $95.19 and a 200 day moving average price of $89.12.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping the consensus estimate 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%. Analysts expect that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is presently 39.00%.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the sale, the executive vice president now directly owns 888,309 shares in the company, valued at approximately $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 423,597 shares in the company, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 189,777 shares of company stock valued at $18,001,116. 45.58% of the stock is owned by company insiders.

About Walmart

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.