Walmart Inc. (NYSE:WMT) Shares Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC grew its holdings in Walmart Inc. (NYSE:WMT) by 32.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 33,610 shares of the retailer’s stock after acquiring an additional 8,258 shares during the quarter. IPG Investment Advisors LLC’s holdings in Walmart were worth $3,042,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Walmart by 14.9% in the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock valued at $503,517,000 after acquiring an additional 809,352 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Walmart during the third quarter worth about $270,000. PDT Partners LLC acquired a new stake in shares of Walmart during the third quarter worth about $538,000. Circle Wealth Management LLC lifted its holdings in shares of Walmart by 7.3% in the 3rd quarter. Circle Wealth Management LLC now owns 5,748 shares of the retailer’s stock valued at $464,000 after purchasing an additional 391 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Walmart by 53.1% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,820,606 shares of the retailer’s stock valued at $470,014,000 after purchasing an additional 2,018,271 shares during the period. Hedge funds and other institutional investors own 26.76% of the company’s stock.

Analyst Ratings Changes

WMT has been the topic of several research analyst reports. 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 report on Thursday, March 20th. 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 note on Tuesday, March 11th. Erste Group Bank lowered shares of Walmart from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 17th. JPMorgan Chase & Co. increased their target price on shares of Walmart from $97.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Piper Sandler boosted their price target on Walmart from $93.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.17.

Walmart Stock Down 0.6 %

Shares of NYSE:WMT opened at $85.08 on Friday. 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 firm has a market cap of $682.04 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 4.42 and a beta of 0.53. The stock’s 50-day moving average price is $94.62 and its two-hundred day moving average price is $89.32. Walmart Inc. has a 12-month low of $58.56 and a 12-month high of $105.30.

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

Walmart Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be issued a dividend of $0.235 per share. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.10%. Walmart’s payout ratio is 39.00%.

Insider Buying and Selling

In other news, EVP Kathryn J. Mclay sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $85.95, for a total value of $343,800.00. Following the transaction, the executive vice president now directly owns 888,309 shares in the company, valued at $76,350,158.55. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel J. Bartlett sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $103.99, for a total transaction of $166,384.00. Following the sale, the executive vice president now owns 423,597 shares of the company’s stock, valued at approximately $44,049,852.03. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,528 shares of company stock valued at $14,096,140. 45.58% of the stock is currently owned by company insiders.

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.