Walmart Inc. (NYSE:WMT) Shares Purchased by Inceptionr LLC

Inceptionr LLC lifted its holdings in Walmart Inc. (NYSE:WMT) by 36.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,230 shares of the retailer’s stock after purchasing an additional 5,983 shares during the quarter. Walmart comprises about 0.4% of Inceptionr LLC’s portfolio, making the stock its 21st biggest position. Inceptionr LLC’s holdings in Walmart were worth $2,008,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new stake in Walmart during the 4th quarter worth about $25,000. Peterson Financial Group Inc. purchased a new position in shares of Walmart in the 3rd quarter valued at about $26,000. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. purchased a new stake in Walmart during the 4th quarter worth approximately $32,000. Finally, Hara Capital LLC purchased a new stake in Walmart during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Truist Financial boosted their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Royal Bank of Canada decreased their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Guggenheim restated a “buy” rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Bank of America upped their price objective on Walmart from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. 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 report on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $103.07.

Insider Buying and Selling at Walmart

In other news, EVP Daniel J. Bartlett sold 1,830 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $91.07, for a total transaction of $166,658.10. Following the completion of the transaction, the executive vice president now directly owns 460,705 shares of the company’s stock, valued at $41,956,404.35. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO C Douglas Mcmillon sold 29,124 shares of Walmart stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $96.95, for a total transaction of $2,823,571.80. Following the completion of the sale, the chief executive officer now directly owns 3,558,247 shares of the company’s stock, valued at $344,972,046.65. The trade was a 0.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,777 shares of company stock valued at $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Walmart Price Performance

Shares of WMT opened at $96.00 on Thursday. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company has a market capitalization of $771.16 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The firm has a 50-day simple moving average of $96.15 and a 200-day simple moving average of $88.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.23 and a current ratio of 0.82.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 2.85% and a return on equity of 21.87%. On average, equities research analysts anticipate that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 0.98%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

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.