Ossiam Has $11.70 Million Stake in Walmart Inc. (NYSE:WMT)

Ossiam reduced its position in shares of Walmart Inc. (NYSE:WMT) by 1.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 129,447 shares of the retailer’s stock after selling 1,881 shares during the period. Ossiam’s holdings in Walmart were worth $11,696,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FPC Investment Advisory Inc. purchased a new position in Walmart during the 4th quarter valued at about $25,000. Horizon Financial Services LLC increased its stake in Walmart by 1,007.7% in the 4th quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock valued at $26,000 after buying an additional 262 shares during the period. Fiduciary Advisors Inc. purchased a new stake in Walmart in the 4th quarter worth approximately $27,000. Decker Retirement Planning Inc. acquired a new stake in shares of Walmart during the 4th quarter valued at $32,000. Finally, Noble Wealth Management PBC purchased a new position in shares of Walmart during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Walmart in a research report on Wednesday, March 26th. Telsey Advisory Group restated an “outperform” rating and set a $115.00 price target on shares of Walmart in a report on Thursday, April 10th. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada decreased their price target on Walmart from $107.00 to $102.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. Finally, Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Walmart in a research note on Monday, February 24th. Three 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 stock. According to data from MarketBeat, Walmart currently has an average rating of “Moderate Buy” and an average price target of $103.58.

Insider Activity

In other Walmart news, EVP Daniel J. Bartlett sold 1,760 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $94.82, for a total value of $166,883.20. Following the transaction, the executive vice president now owns 520,275 shares of the company’s stock, valued at approximately $49,332,475.50. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 38,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $98.80, for a total value of $3,754,400.00. Following the transaction, the executive vice president now owns 257,281 shares of the company’s stock, valued at $25,419,362.80. The trade was a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 178,782 shares of company stock valued at $16,785,305 in the last 90 days. 45.58% of the stock is owned by company insiders.

Walmart Stock Performance

Shares of NYSE:WMT opened at $93.17 on Friday. Walmart Inc. has a twelve month low of $58.56 and a twelve month 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 business has a fifty day moving average of $91.52 and a 200-day moving average of $90.26. The firm has a market cap of $746.93 billion, a PE ratio of 38.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69.

Walmart (NYSE:WMT) last announced its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The firm had revenue of $180.55 billion during the quarter, compared to analyst estimates of $178.83 billion. On average, equities research analysts predict that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Dividend Announcement

The firm 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 dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio 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.