SevenBridge Financial Group LLC Boosts Stock Position in Walmart Inc. (NYSE:WMT)

SevenBridge Financial Group LLC raised its position in shares of Walmart Inc. (NYSE:WMT) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,253 shares of the retailer’s stock after buying an additional 1,306 shares during the quarter. Walmart comprises about 1.4% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 12th largest holding. SevenBridge Financial Group LLC’s holdings in Walmart were worth $7,251,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in shares of Walmart by 14.9% during the third quarter. Principal Financial Group Inc. now owns 6,235,504 shares of the retailer’s stock worth $503,517,000 after acquiring an additional 809,352 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Walmart during the 3rd quarter worth approximately $270,000. PDT Partners LLC acquired a new position in Walmart during the 3rd quarter valued at approximately $538,000. Beacon Investment Advisory Services Inc. raised its holdings in shares of Walmart by 2.7% in the third quarter. Beacon Investment Advisory Services Inc. now owns 5,175 shares of the retailer’s stock worth $418,000 after buying an additional 135 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in shares of Walmart by 32.8% during the third quarter. Hilltop Holdings Inc. now owns 67,487 shares of the retailer’s stock worth $5,450,000 after buying an additional 16,683 shares during the period. 26.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Truist Financial raised their target price on Walmart from $98.00 to $111.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. DZ Bank raised Walmart from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Tuesday, February 25th. Stifel Nicolaus dropped their target price on Walmart from $99.00 to $93.00 and set a “hold” rating on the stock in a research report on Thursday, March 20th. Barclays reissued an “overweight” rating on shares of Walmart in a research report on Friday, February 28th. Finally, Tigress Financial increased their price objective on shares of Walmart from $86.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Walmart Stock Up 1.0 %

Shares of WMT opened at $88.70 on Wednesday. The stock has a 50 day moving average price of $94.45 and a 200 day moving average price of $89.51. 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 stock has a market capitalization of $711.10 billion, a price-to-earnings ratio of 36.81, a PEG ratio of 4.42 and a beta of 0.53. Walmart Inc. has a one year low of $58.56 and a one year high of $105.30.

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

Walmart Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Friday, December 12th will be given a $0.235 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.06%. Walmart’s dividend payout ratio (DPR) is presently 39.00%.

Insider Activity

In other news, EVP John R. Furner sold 13,125 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $92.96, for a total transaction of $1,220,100.00. Following the transaction, the executive vice president now owns 568,626 shares of the company’s stock, valued at approximately $52,859,472.96. The trade was a 2.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $343,800.00. Following the sale, the executive vice president now 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 176,652 shares of company stock worth $16,590,028 over the last ninety days. Corporate 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.