FNY Investment Advisers LLC Purchases New Shares in Walmart Inc. (NYSE:WMT)

FNY Investment Advisers LLC acquired a new position in Walmart Inc. (NYSE:WMT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,077 shares of the retailer’s stock, valued at approximately $270,000.

Other institutional investors have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. purchased a new position in shares of Walmart in the 4th quarter worth approximately $25,000. Horizon Financial Services LLC lifted its holdings 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 period. Noble Wealth Management PBC bought a new position in Walmart in the 4th quarter valued at $37,000. Mizuho Bank Ltd. purchased a new stake in shares of Walmart during the 4th quarter valued at $41,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Walmart during the 1st quarter valued at $49,000. 26.76% of the stock is owned by institutional investors.

Insider Activity at Walmart

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now owns 888,309 shares of the company’s stock, valued at $76,350,158.55. This represents a 0.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John D. Rainey sold 2,200 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $88.66, for a total transaction of $195,052.00. Following the sale, the executive vice president now owns 398,024 shares in the company, valued at approximately $35,288,807.84. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 137,534 shares of company stock valued at $12,833,664 over the last three months. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Down 0.2%

WMT opened at $94.28 on Tuesday. The firm has a market capitalization of $752.39 billion, a P/E ratio of 39.12, a price-to-earnings-growth ratio of 4.42 and a beta of 0.69. Walmart Inc. has a one year low of $66.41 and a one year high of $105.30. The company has a fifty day moving average price of $96.04 and a 200-day moving average price of $94.11. 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 (NYSE:WMT) last posted its earnings results on Thursday, May 15th. The retailer reported $0.61 EPS for the quarter, topping the consensus estimate of $0.58 by $0.03. Walmart had a return on equity of 21.87% and a net margin of 2.85%. The business had revenue of $165.61 billion during the quarter, compared to analysts’ expectations of $164.53 billion. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Walmart Inc. will post 2.55 earnings per share for the current fiscal year.

Walmart Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Monday, May 12th were given a $0.235 dividend. This represents a dividend yield of 0.95%. The ex-dividend date was Friday, May 9th. Walmart’s dividend payout ratio (DPR) is 40.17%.

Analysts Set New Price Targets

WMT has been the topic of a number of research analyst reports. KeyCorp boosted their price target on shares of Walmart from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, June 9th. DZ Bank upgraded shares of Walmart from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Tuesday, February 25th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Walmart in a report on Wednesday, March 26th. Oppenheimer increased their price objective on Walmart from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, Evercore ISI boosted their target price on Walmart from $105.00 to $107.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Walmart currently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Walmart Company 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.