Interchange Capital Partners LLC Increases Stock Position in Walmart Inc. (NYSE:WMT)

Interchange Capital Partners LLC grew its stake in shares of Walmart Inc. (NYSE:WMT) by 4.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,079 shares of the retailer’s stock after buying an additional 326 shares during the period. Interchange Capital Partners LLC’s holdings in Walmart were worth $640,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FPC Investment Advisory Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $25,000. Fiduciary Advisors Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new stake in shares of Walmart during the 4th quarter valued at $32,000. Noble Wealth Management PBC purchased a new stake in Walmart during the 4th quarter worth $37,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Walmart during the 3rd quarter worth $43,000. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Price Performance

WMT opened at $85.94 on Monday. The firm has a market cap of $688.93 billion, a price-to-earnings ratio of 35.66, a price-to-earnings-growth ratio of 4.42 and a beta of 0.53. Walmart Inc. has a fifty-two week low of $58.56 and a fifty-two week high of $105.30. The company’s 50-day moving average price is $95.19 and its 200 day moving average price is $89.12. The company has a quick ratio of 0.23, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.

Walmart (NYSE:WMT) last released its quarterly earnings data on Thursday, February 20th. The retailer reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm 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, sell-side analysts expect that Walmart Inc. will post 2.55 earnings per share for the current year.

Walmart Announces Dividend

The company also recently announced 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 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, December 12th. Walmart’s dividend payout ratio (DPR) is 39.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Piper Sandler upped their price target on shares of Walmart from $93.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Erste Group Bank cut shares of Walmart from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. KeyCorp upped their price target on shares of Walmart from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, Evercore ISI decreased their price target on shares of Walmart from $107.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Two investment 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. According to data from MarketBeat, Walmart presently has an average rating of “Moderate Buy” and an average price target of $103.17.

Insiders Place Their Bets

In other Walmart news, EVP Kathryn J. Mclay sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 888,309 shares in the company, valued at approximately $76,350,158.55. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel J. Bartlett sold 1,600 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 423,597 shares of the company’s stock, valued at $44,049,852.03. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,777 shares of company stock worth $18,001,116. Insiders own 45.58% of the company’s stock.

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.