Sei Investments Co. Buys 21,275 Shares of Walmart Inc. (NYSE:WMT)

Sei Investments Co. grew its holdings in Walmart Inc. (NYSE:WMT) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,626,563 shares of the retailer’s stock after purchasing an additional 21,275 shares during the quarter. Sei Investments Co.’s holdings in Walmart were worth $146,960,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of WMT. FPC Investment Advisory Inc. acquired a new position in Walmart in the fourth quarter worth $25,000. Fiduciary Advisors Inc. acquired a new position in Walmart in the fourth quarter worth $27,000. Decker Retirement Planning Inc. acquired a new position in Walmart in the fourth quarter worth $32,000. Noble Wealth Management PBC acquired a new position in Walmart in the fourth quarter worth $37,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Walmart during the third quarter valued at $43,000. Institutional investors and hedge funds own 26.76% of the company’s stock.

Insider Buying and Selling at Walmart

In other news, EVP John R. Furner sold 13,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $92.60, for a total value of $1,215,375.00. Following the completion of the sale, the executive vice president now directly owns 566,794 shares of the company’s stock, valued at $52,485,124.40. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 888,309 shares of the company’s stock, valued at approximately $76,350,158.55. The trade was a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 189,777 shares of company stock worth $18,001,116 over the last ninety days. 45.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on WMT. Guggenheim reaffirmed a “buy” rating and set a $100.00 price target on shares of Walmart in a research note on Monday, February 24th. Stifel Nicolaus cut their price target on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research note on Thursday. Royal Bank of Canada cut their price target on Walmart from $109.00 to $107.00 and set an “outperform” rating on the stock in a research note on Friday, February 21st. Evercore ISI cut their target price on Walmart from $107.00 to $100.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Finally, Erste Group Bank lowered Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Walmart has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Walmart Stock Up 0.1 %

NYSE:WMT opened at $85.94 on Friday. 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 company has a market cap of $688.93 billion, a PE ratio of 35.66, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a 52-week low of $58.56 and a 52-week high of $105.30. The stock has a 50-day simple moving average of $95.19 and a 200 day simple moving average of $88.95.

Walmart (NYSE:WMT) last posted its quarterly earnings results on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The firm had revenue of $180.55 billion during the quarter, compared to the consensus estimate of $178.83 billion. Walmart had a return on equity of 21.87% and a net margin of 2.85%. On average, sell-side analysts expect that Walmart Inc. will post 2.55 EPS for the current fiscal year.

Walmart Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Friday, December 12th will be paid a $0.235 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a yield of 1.09%. Walmart’s dividend payout ratio is 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.