Walmart Inc. (NYSE:WMT) Shares Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC lifted its stake in shares of Walmart Inc. (NYSE:WMT) by 32.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,610 shares of the retailer’s stock after buying an additional 8,258 shares during the quarter. IPG Investment Advisors LLC’s holdings in Walmart were worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. bought a new position in shares of Walmart during the fourth quarter worth about $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth about $32,000. Noble Wealth Management PBC bought a new stake in Walmart in the fourth quarter valued at about $37,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Walmart during the third quarter valued at approximately $43,000. Institutional investors own 26.76% of the company’s stock.

Insider Buying and Selling

In other Walmart news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total value of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares in the company, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the sale, the executive vice president now owns 568,626 shares in the company, valued at $52,859,472.96. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is owned by corporate insiders.

Walmart Price Performance

Shares of Walmart stock opened at $85.08 on Friday. Walmart Inc. has a 52 week low of $58.56 and a 52 week high of $105.30. 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 market cap of $682.04 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $89.32.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s dividend payout ratio (DPR) is 39.00%.

Analyst Ratings Changes

Several research analysts have recently commented on WMT shares. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 target price (up previously from $106.00) on shares of Walmart in a research report on Thursday, February 13th. Roth Mkm reiterated a “buy” rating and set a $108.00 target price (up previously from $97.00) on shares of Walmart in a research note on Friday, February 21st. KeyCorp raised their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Jefferies Financial Group boosted their price objective on shares of Walmart from $105.00 to $111.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. Finally, Wells Fargo & Company raised their target price on shares of Walmart from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two equities research 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.com, Walmart currently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

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.