Walmart Inc. (NYSE:WMT) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. grew its stake in shares of Walmart Inc. (NYSE:WMT) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,306 shares of the retailer’s stock after acquiring an additional 2,824 shares during the period. Walmart comprises approximately 1.2% of Moors & Cabot Inc.’s holdings, making the stock its 10th biggest position. Moors & Cabot Inc.’s holdings in Walmart were worth $24,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FPC Investment Advisory Inc. acquired a new position in Walmart during the 4th quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart during the 4th quarter worth $27,000. Peterson Financial Group Inc. acquired a new position in Walmart during the 3rd quarter worth $26,000. Decker Retirement Planning Inc. acquired a new position in Walmart during the 4th quarter worth $32,000. Finally, Noble Wealth Management PBC acquired a new position in Walmart during the 4th quarter worth $37,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Walmart

In related news, CEO C Douglas Mcmillon sold 29,124 shares of the business’s stock in a transaction that occurred on 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 directly owns 3,785,702 shares of the company’s stock, valued at approximately $349,609,579.70. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’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 transaction, the executive vice president now directly owns 423,597 shares in the company, valued at $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 185,777 shares of company stock valued at $17,657,316. Corporate insiders own 45.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WMT shares. Citigroup reaffirmed a “positive” rating on shares of Walmart in a report on Thursday, February 20th. DZ Bank raised shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Tuesday, February 25th. UBS Group reiterated a “buy” rating on shares of Walmart in a research report on Friday, February 28th. Stifel Nicolaus lifted their price objective on shares of Walmart from $89.00 to $94.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. Finally, Roth Mkm reiterated a “buy” rating and issued a $108.00 price objective (up from $97.00) on shares of Walmart in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Walmart presently has an average rating of “Buy” and an average price target of $103.20.

Walmart Stock Performance

Walmart stock opened at $87.44 on Wednesday. The firm’s 50 day simple moving average is $96.07 and its 200-day simple moving average is $88.61. The company has a market cap of $702.40 billion, a P/E ratio of 36.28, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.23. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30.

Walmart (NYSE:WMT) last released its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $180.55 billion for 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%. As a group, equities research analysts predict 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. Investors of record on Friday, December 12th will be given a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Friday, December 12th. Walmart’s payout ratio is presently 39.00%.

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.