Walmart Inc. (NYSE:WMT) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its position in Walmart Inc. (NYSE:WMT) by 18.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,392 shares of the retailer’s stock after acquiring an additional 13,230 shares during the period. MGO One Seven LLC’s holdings in Walmart were worth $7,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WMT. FPC Investment Advisory Inc. acquired a new stake in shares of Walmart in the fourth quarter valued at about $25,000. Horizon Financial Services LLC boosted its position in Walmart by 1,007.7% during the fourth quarter. Horizon Financial Services LLC now owns 288 shares of the retailer’s stock worth $26,000 after acquiring an additional 262 shares during the last quarter. Fiduciary Advisors Inc. purchased a new stake in Walmart during the 4th quarter valued at about $27,000. Decker Retirement Planning Inc. acquired a new stake in Walmart in the 4th quarter valued at about $32,000. Finally, Noble Wealth Management PBC purchased a new position in Walmart in the 4th quarter worth approximately $37,000. 26.76% of the stock is currently owned by hedge funds and other institutional investors.

Walmart Stock Up 2.7 %

Shares of NYSE WMT opened at $94.91 on Wednesday. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30. The stock has a market cap of $760.88 billion, a P/E ratio of 39.38, a PEG ratio of 4.42 and a beta of 0.69. 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 business’s fifty day simple moving average is $91.09 and its 200-day simple moving average is $90.51.

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

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be given a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio is presently 39.00%.

Insider Activity

In related news, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total value of $166,384.00. Following the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP John D. Rainey sold 38,000 shares of Walmart 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 sale, the executive vice president now directly owns 257,281 shares of the company’s stock, valued at $25,419,362.80. This trade represents a 12.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 178,782 shares of company stock worth $16,785,305. 45.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WMT shares. Wells Fargo & Company upped their price target on Walmart from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Truist Financial upped their target price on Walmart from $98.00 to $111.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Guggenheim reiterated a “buy” rating and set a $100.00 price target on shares of Walmart in a report on Monday, February 24th. Barclays reissued an “overweight” rating on shares of Walmart in a report on Friday, February 28th. Finally, Citigroup restated a “positive” rating on shares of Walmart in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $103.58.

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.