Landing Point Financial Group LLC Invests $201,000 in Walmart Inc. (NYSE:WMT)

Landing Point Financial Group LLC bought a new stake in shares of Walmart Inc. (NYSE:WMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,229 shares of the retailer’s stock, valued at approximately $201,000.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. grew its stake in shares of Walmart by 14.9% in the 3rd quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after purchasing an additional 809,352 shares during the last quarter. Virtu Financial LLC bought a new stake in Walmart during the third quarter worth approximately $541,000. SOA Wealth Advisors LLC. grew its position in Walmart by 4.2% in the third quarter. SOA Wealth Advisors LLC. now owns 9,052 shares of the retailer’s stock worth $731,000 after buying an additional 364 shares during the last quarter. Aldebaran Financial Inc. lifted its position in shares of Walmart by 10.9% during the 3rd quarter. Aldebaran Financial Inc. now owns 22,250 shares of the retailer’s stock valued at $1,797,000 after acquiring an additional 2,191 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new stake in shares of Walmart during the 3rd quarter valued at $504,000. 26.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction 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 owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John R. Furner sold 13,125 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. This trade represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 178,782 shares of company stock valued at $16,785,305. Insiders own 45.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WMT. KeyCorp boosted their target price on Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Royal Bank of Canada dropped their price target on Walmart from $107.00 to $102.00 and set an “outperform” rating on the stock in a research note on Thursday, April 10th. Stifel Nicolaus reduced their price objective on shares of Walmart from $93.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Citigroup reissued a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Finally, 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. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.58.

Walmart Stock Up 2.2 %

Shares of WMT stock 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 market capitalization of $746.93 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 4.42 and a beta of 0.69. 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 stock’s 50 day simple moving average is $91.52 and its 200 day simple moving average is $90.33.

Walmart (NYSE:WMT) last posted its earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The business had revenue of $180.55 billion for the quarter, compared to analyst estimates of $178.83 billion. Walmart had a net margin of 2.85% and a return on equity of 21.87%. As a group, research analysts predict that Walmart Inc. will post 2.55 EPS for the current year.

Walmart Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.01%. 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.